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

10689 S Mustang Drive Goodyear, AZ 85338

3 Beds 2 Baths 2,381 sqft Built 1992

$464,700

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $195.17
  • 3 Days on Market
  • MLS # : 6202031
  • Updated Date : 03/07/2021 at 03:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,381 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

OWNER AGENT, Updated,, Highly Sought Lakes Region, Gorgeous Lot Viewing the Estrellas. Short Stroll to North Lake! The minute you walk in, notice the Tile Medallinon, Wood & Travertine Flooring with Medallions & Listel Accents that carry through. Custom Upgraded Lighting in Entryway, Living & Family room, 5'' Baseboards, Ceiling Fans & Updated Paint. Office/ Den has Solid Wood Built in Cabinets or can flex as Fourth Bedroom.Gorgeous Granite Countertops & Extended Island, Professionally Stained Cabinets with Crown Molding & Under Mount Lighting, Decorative Backsplash, Pendant Lighting make this Greatroom an Entertainer's Delight. Spacious Primary En-Suite with Bay Windows. See docs tab for extensive upgrades. Award Winning Goodyear, Boeing, Amazon & Microsoft. Resort Living!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Estrella Mountain Ranch

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
Estrella Foothills High School High Regular 1,037 43 5

Estrella Foothills High School

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

$418,230$511,170$464,700

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,614
Property Tax -$348
Property Insurance -$74
HOA -$34
Property Management Fees -$99
CASH FLOW
-$248

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.

$464,700

PROJECTED PRICE

$1,920

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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-$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$128,896

INVESTMENT

$128,896

Down Payment
$116,175
Rehab Estimate
$5,750
Closing Costs
$6,971

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,614

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,175
Loan Amount $348,525
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,9204$2,0005$2,300
$2,300
RENT COMPS ANALYSIS
  • 10689 S Mustang Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,381 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,381 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.81
    •  
  • 17552 W Polaris Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 2001
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 10441 S Santa Fe Lane Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1991
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 11024 S Desert Lake Drive Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1990
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 11252 S Indian Wells Drive Goodyear, AZ 5
    • 4 beds 2 baths ∙ 2,706 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,706 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
Diana Eklund
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202031
Last Updated: 03/07/2021
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.

BESbswy