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280 S 165th Lane Goodyear, AZ 85338

3 Beds 2 Baths 1,936 sqft Built 2006

$320,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $165.29
  • 4 Days on Market
  • MLS # : 6166999
  • Updated Date : 12/05/2020 at 08:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,936 sqft
  • Baths : 2 full
Listing Agent

Jmc International

Listing Agent's Description

This beautiful MOVE-IN READY home is located in a much sought-after area in Goodyear.It is minutes away from I10/303 corridor and shopping centers.This home offers 3 bedrooms -a master master bedroom(w/ walk in closet), 2 add'tl bedrooms, PLUS an enclosed den/office.Plantation shutters in living room,dining room & den. Kitchen comes w/ corrian countertops, stainless steel appliances and a walk in pantry. Tall cabinets are built into the garage to help you get organized. Enjoy the a sparkling swimming pool and gazebo in the backyard. Save on your energy bills: Solar panels power swimming pool equipment, water heater, cooktop range and heating/cooling. Homeowner does not have any gas bills. Additional blown in attic insulation offers maximum comfort and energy efficiency.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k302k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9311646

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Copper Trails School Primary Regular 922 39 6
Copper Trails School Middle Regular 922 39 6
Desert Edge High School High Regular 1,744 80 3

Copper Trails School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Copper Trails School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,181
Property Tax -$213
Property Insurance -$65
HOA -$25
Property Management Fees -$99
CASH FLOW
-$43

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,283

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5253$1,5504$1,7005$1,850
$1,850
RENT COMPS ANALYSIS
  • 280 S 165th Lane Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 260 S 166th Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.79
    •  
  • 996 N 168th Drive Goodyear, AZ 3
    • 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 2017
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 16521 W Madison Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 16375 W Woodlands Avenue Goodyear, AZ 5
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Edgardo Austria
Jmc International
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166999
Last Updated: 12/05/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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