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8354 S 164th Drive Goodyear, AZ 85338

3 Beds 2 Baths 1,965 sqft Built 2019

$415,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $211.20
  • 4 Days on Market
  • MLS # : 6183947
  • Updated Date : 01/22/2021 at 00:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,965 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Beautiful, open-concept home in the modern, desert living community of Lucero Village of Estrella. Spacious kitchen with shaker-style white cabinets and quartz counter tops. Enjoy the mountain views from the front yard. Walk through your 16' sliding glass doors to the covered back patio opening up to the spacious backyard with artificial turf for entertaining your guests. Estrella is a mixed-use, master-planned community connected by wild desert trails and lakes that you can enjoy with your family and friends.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: South Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9641981

* 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
Estrella Mountain Elementary School Primary Regular 577 29 7
Estrella Mountain Elementary School Middle Regular 577 29 7
Estrella Foothills High School High Regular 1,037 43 5

Estrella Mountain Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 29
7
GreatSchools Rating

Estrella Mountain Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 29
7
GreatSchools Rating

Estrella Foothills High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 43
5
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,441
Property Tax -$367
Property Insurance -$66
HOA -$111
Property Management Fees -$99
CASH FLOW
-$294

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.

$415,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,688

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
  • $1,788

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,650
$1,650
RENT COMPS ANALYSIS
  • 8354 S 164th Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17508 W Summit Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2018
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 10287 S 175th Avenue Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2000
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
PROPERTY LISTING DETAILS
Michael Escobedo
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183947
Last Updated: 01/22/2021
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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