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$385,000

Under Contract
16031 W Williams St, Goodyear, AZ 85338
3 Beds
2 Baths
1,678 Square Feet
0.15 Acres Lot
Built in 2003
Under Contract
Units n/a
Checked: 12 hours ago
Updated: Jul 29, 2025 at 06:29AM

Investment Summary


Monthly Cash Flow
-$775
Cap Rate
3.3%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.2%

Property Description


0.15 Acres Lot
Built in 2003
Under Contract
Units n/a

Beautifully maintained and updated home in a great neighborhood offering 3 bedrooms, 2 bathrooms and spacious living spaces. The home has newer flooring throughout with NO CARPET! The front room offers a living space along with formal dining. The spacious living room offers an open concept leading right into the large kitchen complete with an island. The primary bedrooms is large and the primary shower has just recently been fully redone featuring a tile walk in shower. The large backyard is well landscaped and ready for you to make your own. The roof was replaced in 2020 as well! This home is full of updates and is move-in ready!

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Sarival Paseo
  • HOA Fee: $216/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 50094201
  • Lot Size: 6742 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2003

Tax Information

  • Annual Tax: $1,471

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Kody Romero
Realty ONE Group
(602) 481-1561

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6873839
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$775
Cap Rate
3.3%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.2%

Purchase Details

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Purchase price:
$385,000
Amount financed:
-$308,000
Down payment:
$77,000
Closing costs:
$11,550
Rehab costs:
$0
Initial cash invested:
$88,550
Square feet:
1,678
Cost per square foot:
$229
Monthly rent per square foot:
$1.07

Financing Details

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Loan amount:
$308,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,822
Property tax:
$123
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,071

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$123-$1,471
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (4%)
4%-$72-$864
Total operating expenses: (36%)
36%-$645-$7,735

Cash Flow


Monthly Yearly
Net operating income:
$1,047 $12,564
Mortgage payments:
-$1,822 -$21,864
Cash flow:
$775 $9,300