Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

331 N 167th Drive Goodyear, AZ 85338

4 Beds 3 Baths 2,038 sqft Built 2005

$349,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $171.69
  • 3 Days on Market
  • MLS # : 6184683
  • Updated Date : 01/23/2021 at 20:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,038 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Elite

Listing Agent's Description

Beautiful 4 bd, 2.5 baths. Formal dining. Vaulted ceilings. Carpet & tile flooring. Open concept floor plan. The family room has beautiful wood-like tile floors. The eat-in kitchen has oak cabinets, black appliances, large island, gas cooking and pantry cabinets. Laundry & powder room downstairs. The bedrooms have plush carpeting & ceiling fans. The primary bedroom has a full bath and walk-in closet. The serene backyard has a covered patio, extended patio with a Ramada, Synthetic lawn, citrus tree, and a pebble tec pool. You'll love enjoying the hot summer days poolside in your private cabana resort style yard and natural gas BBQ. Close to schools, trails, shopping, and major freeways.

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
Desert Thunder School Primary Regular 636 26 5
Desert Thunder School Middle Regular 636 26 5
Verrado High School High Regular 1,855 74 4

Desert Thunder School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Desert Thunder School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Verrado High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,215
Property Tax -$227
Property Insurance -$67
HOA -$65
Property Management Fees -$99
CASH FLOW
-$143

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.

$349,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.44%

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

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,913

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,503

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,4954$1,5305$1,690
$1,690
RENT COMPS ANALYSIS
  • 331 N 167th Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.75
    •  
  • 315 N 167th Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 16657 W Polk Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.74
    •  
  • 16564 W Melvin Street Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.74
    •  
  • 16633 W Melvin Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.76
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184683
Last Updated: 01/23/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy