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3783 N 162nd Lane Goodyear, AZ 85395

2 Beds 2 Baths 1,445 sqft Built 2004

$395,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $273.36
  • 4 Days on Market
  • MLS # : 6180734
  • Updated Date : 01/14/2021 at 18:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,445 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Welcome to the beautiful and sought after gated subdivision of Pebble Creek. Some of the great community features include Golf course, tennis courts, clubhouse/rec center, community pools & spa, and walking paths. This gem is in immaculate condition from ceiling to floor. It is move in ready and offers spacious rooms and an open floor plan. Epoxy flooring in the garage as well as water softener. Open floor plan with vaulted ceilings and either wood or tile flooring throughout. The kitchen has large island with breakfast bar, granite counter tops, tile backsplash, and stainless steel appliances. This is simply a beauty. It won't last long on the market so you need to hurry before it's gone.

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,372
Property Tax -$384
Property Insurance -$55
HOA -$38
Property Management Fees -$99
CASH FLOW
-$188

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.

$395,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.45%

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$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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,887

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,7603$1,8004$1,950
$1,950
RENT COMPS ANALYSIS
  • 3783 N 162nd Lane Goodyear, AZ 2
    • 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.22
    •  
  • 2986 N 147th Drive Goodyear, AZ 1
    • 2 beds 2 baths ∙ 1,269 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,269 Sqft ∙ Built 2000
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.08
    •  
  • 15815 W Windsor Avenue Goodyear, AZ 3
    • 2 beds 3 baths ∙ 1,783 Sqft ∙ Built 2012 2 beds 3 baths ∙ 1,783 Sqft ∙ Built 2012
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 3963 N 163rd Lane Goodyear, AZ 4
    • 2 beds 2 baths ∙ 1,739 Sqft ∙ Built 2014 2 beds 2 baths ∙ 1,739 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.12
    •  
PROPERTY LISTING DETAILS
Ruben Luna
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180734
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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