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3323 N 146th Drive Goodyear, AZ 85395

2 Beds 2 Baths 1,671 sqft Built 2000

$359,850

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $215.35
  • 3 Days on Market
  • MLS # : 6202145
  • Updated Date : 03/05/2021 at 08:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,671 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Fantastic opportunity for a full or part-time residence in guard-gated Pebble Creek, which offers a ton of amenities for your Active Adult lifestyle including (but not limited to!) golf, fitness centers, indoor/outdoor pools, and sport courts! This beautifully maintained home has 2 oversized bedrooms + den with French doors & 2 updated baths in 1671 SqFt with an open great room floor plan. The kitchen has an abundance of cabinetry with crown molding, Quartz countertops, stainless appliances, breakfast bar, and casual dining nook with bay window. Sliding doors lead out to the screened in wrap-around patio with ceiling fans & paver floor. The backyard has an extensive paver patio, desert landscaping, and tranquil water feature. The master bedroom has a private bath with dual sink vanity,*

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
Millennium High School High Regular 2,205 94 4

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$323,865$395,835$359,850

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,250
Property Tax -$350
Property Insurance -$60
HOA -$38
Property Management Fees -$99
CASH FLOW
-$216

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.

$359,850

PROJECTED PRICE

$1,580

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

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$101,110

INVESTMENT

$101,110

Down Payment
$89,963
Rehab Estimate
$5,750
Closing Costs
$5,398

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,963
Loan Amount $269,888
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5803$1,6004$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 3323 N 146th Drive Goodyear, AZ 2
    • 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.95
    •  
  • 14314 W Cora Lane Goodyear, AZ 1
    • 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2001
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 15202 W Vale Drive Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 220 S Serrano Drive Litchfield Park, AZ 4
    • 2 beds 2 baths ∙ 1,528 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,528 Sqft ∙ Built 1997
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 3048 N 152nd Drive Goodyear, AZ 5
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202145
Last Updated: 03/05/2021
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.

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