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4332 N 161st Lane Goodyear, AZ 85395

3 Beds 4 Baths 2,469 sqft Built 2006

$549,900

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $222.72
  • 1 Days on Market
  • MLS # : 6207769
  • Updated Date : 03/21/2021 at 03:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,469 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This is a gorgeous HOME! HUGE cul-de-sac lot! Beautiful & tranquil backyard oasis with private pool and extended covered patio for your summer delight. This well-appointed 3 bedroom and 3 1/2 bath home will meet all of your expectations. Split floor plan separates Master suite (w/rear patio access) from bedroom 2, and bedroom 3! Perfect flex space between bed 2 and 3 for your office/ playroom needs. The BEST part, the tastefully remodeled white kitchen with extended island seating, top grade appliances, and large pantry and butler pantry, opens to great room with a beautiful stone surround fireplace. 10ft ceilings throughout w/ coffered ceiling at the entry. Cabinets galore in laundry and extended 3-car garage. Paved front courtyard and extensive pavers in back and side yards. Must See!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k369k

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

Neighborhood: Palm Valley

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
Mabel Padgett Elementary School Primary Regular 868 38 8
Verrado Middle School Middle Regular 1,060 42 8
Millennium High School High Regular 2,205 94 4

Mabel Padgett Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 38
8
GreatSchools Rating

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Millennium High School

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

$494,910$604,890$549,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,910
Property Tax -$488
Property Insurance -$75
HOA -$24
Property Management Fees -$99
CASH FLOW
-$466

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.

$549,900

PROJECTED PRICE

$2,130

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,079

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
  • $1,901

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,7504$1,7995$2,150
$2,150
RENT COMPS ANALYSIS
  • 4332 N 161st Lane Goodyear, AZ 1
    • 3 beds 4 baths ∙ 2,469 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,469 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15594 W Devonshire Avenue Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2013
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.72
    •  
  • 15483 W Glenrosa Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2007
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 16129 W Monterosa Street Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 2013
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.79
    •  
  • 15635 W Devonshire Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2009
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
PROPERTY LISTING DETAILS
Heather Swanson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207769
Last Updated: 03/21/2021
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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