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$479,990

For Sale - Active
16559 W Lincoln St, Goodyear, AZ 85338
3 Beds
2 Baths
2,164 Square Feet
0.16 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Aug 24, 2025 at 10:07AM

Investment Summary


Monthly Cash Flow
-$1,001
Cap Rate
3.2%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.5%

Property Description


0.16 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Welcome to your beautiful single-level oasis! This turnkey home offers modern upgrades and a $10,000 closing cost credit. Step inside to a freshly painted interior and exterior (June 2025) with beautiful tile floors and plantation shutters. The flexible layout includes a living and dining area that flows into the gourmet kitchen, which features 42-inch cabinets, granite countertops, a large island, and a gas stove. There is a separate family room and a quiet den, perfect for an office. The expansive primary bedroom has an ensuite bathroom with a separate shower/tub and a walk-in closet. The two guest bedrooms are thoughtfully separated. Enjoy peace of mind with a newer HVAC and water heater (2023) and a brand-new pool pump (2024). The backyard is ready for summer fun with a sparkling pool

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener, RV Gate
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Royer Assoc Mgmt
  • HOA Fee: $315/quarterly

Land Information

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

Lot Information

  • Parcel ID: 50096139
  • Lot Size: 6900 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Santa Barbara/Tuscan
  • Year Built: 2007

Tax Information

  • Annual Tax: $1,716

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Eva Amery
Coldwell Banker Realty
(602) 617-1562

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6879953
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,001
Cap Rate
3.2%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.5%

Purchase Details

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Purchase price:
$479,990
Amount financed:
-$383,992
Down payment:
$95,998
Closing costs:
$14,400
Rehab costs:
$0
Initial cash invested:
$110,398
Square feet:
2,164
Cost per square foot:
$222
Monthly rent per square foot:
$1.02

Financing Details

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Loan amount:
$383,992
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,271
Property tax:
$143
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,568

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$143-$1,716
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (5%)
5%-$105-$1,260
Total operating expenses: (36%)
36%-$798-$9,576

Cash Flow


Monthly Yearly
Net operating income:
$1,270 $15,240
Mortgage payments:
-$2,271 -$27,252
Cash flow:
$1,001 $12,012