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

992 S 176th Avenue Goodyear, AZ 85338

4 Beds 2 Baths 1,803 sqft Built 2019

$334,500

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $185.52
  • 1 Days on Market
  • MLS # : 6160833
  • Updated Date : 11/14/2020 at 21:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,803 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Model home like, better than brand new.Why buy a new home next door, without a backyard, w/out window coverings, and be forced to buy those ridiculously expensive upgrades, when you can get this incredible home with over 20K upgraded, gently lived-in home, built 2019. This 4 bedroom, 2 bath home includes a spacious open floor plan which is perfect for entertaining! You'll appreciate the inviting kitchen with custom white cabinets, beautiful quartz countertops with tile backsplash, soft close kitchen cabinets, black slate SS appliance including fridge, island with breakfast bar seating, gas range, upgraded wood-look floors, walk-in pantry. Energy efficient with smart Wifi thermostats. Washer and Dryer included. The master suite includes a beautiful custom barn door entrance to your

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: Canyon Trails West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9281646

* 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
Copper Trails School Primary Regular 922 39 6
Copper Trails School Middle Regular 922 39 6
Verrado High School High Regular 1,855 74 4

Copper Trails School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Copper Trails School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Verrado High School

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

$301,050$367,950$334,500

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,234
Property Tax -$223
Property Insurance -$62
HOA -$82
Property Management Fees -$99
CASH FLOW
-$61

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$334,500

PROJECTED PRICE

$1,640

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,643

INVESTMENT

$90,643

Down Payment
$83,625
Rehab Estimate
$2,000
Closing Costs
$5,018

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,234

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,625
Loan Amount $250,875
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,041

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,618

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6404$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 992 S 176th Avenue Goodyear, AZ 3
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.91
    •  
  • 17748 W Desert Bloom Street Goodyear, AZ 1
    • 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2008
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 17593 W Desert Bloom Street Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2018
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 17496 W Navajo Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2001
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 17552 W Hadley Street Goodyear, AZ 5
    • 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2020
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Cindi Derichie
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160833
Last Updated: 11/14/2020
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.

BESbswy