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3070 N 159th Drive Goodyear, AZ 85395

4 Beds 4 Baths 3,402 sqft Built 2005

$580,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $170.49
  • 2 Days on Market
  • MLS # : 6161567
  • Updated Date : 11/21/2020 at 18:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,402 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous one of a kind golf course lot with cascading mountain and lake views on the 9th fairway of TF. Walk to clubhouse, dog park, and Ed's dogs. Beautiful details throughout home including spacious entertainer's kitchen which features all new SS appliances including Electric cooktop, oven, Microwave, Dishwasher,sink & Refrigerator, (2020), a plethora of cabinet space, pull out drawers, large kitchen island, breakfast bar, pantry, & corian counter tops. Separate butler's pantry to store all your entertaining needs. Carpet (new 2020) and 18'' tile throughout. Gas fireplace in formal living room and separate dining. Large master with dual sinks, shower, jetted tub, separate toilet. Walk-in closet. Add'l ensuite bedroom and office downstairs. Two add'l bedrooms and one full bath upstairs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k405k

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

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Verrado High School High Regular 1,855 74 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$522,000$638,000$580,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,140
Property Tax -$617
Property Insurance -$93
HOA -$19
Property Management Fees -$99
CASH FLOW
-$538

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$580,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,160

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,654

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,275
1$2,2752$2,4303$2,6004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 3070 N 159th Drive Goodyear, AZ 2
    • 4 beds 4 baths ∙ 3,402 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,402 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.71
    •  
  • 4280 N 157th Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.74
    •  
  • 15676 W Vernon Avenue Goodyear, AZ 3
    • 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 15812 W Cypress Street Goodyear, AZ 4
    • 4 beds 5 baths ∙ 3,469 Sqft ∙ Built 2009 4 beds 5 baths ∙ 3,469 Sqft ∙ Built 2009
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.75
    •  
  • 15800 W Alvarado Drive Goodyear, AZ 5
    • 3 beds 4 baths ∙ 3,530 Sqft ∙ Built 2009 3 beds 4 baths ∙ 3,530 Sqft ∙ Built 2009
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.79
    •  
PROPERTY LISTING DETAILS
Cynthia Sokoloff
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161567
Last Updated: 11/21/2020
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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