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10941 S Turtle Dove Drive Goodyear, AZ 85338

3 Beds 2 Baths 2,434 sqft Built 1996

$449,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $184.84
  • 3 Days on Market
  • MLS # : 6203642
  • Updated Date : 03/19/2021 at 15:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,434 sqft
  • Baths : 2 full
Listing Agent

Arizona Team Realty, Llc

Listing Agent's Description

Beautiful 3 bedroom, 2 bath, extended 3 car garage home featuring a solar heated pebble tech pool, new roof in July 2020 and a remodeled master bath in Estrella! Great room features 10 ft ceilings, new hard wood flooring, a cozy corner gas fireplace, entertainment center with flat screen tv and dining area with built-in custom cabinets. Spacious kitchen overlooks the pool and offers maple cabinets, granite counters, tiled backsplash, kitchen island with cook-top and updated appliances. Master suite has bay window and separate exit to AZ room. Remodeled master bath includes new cabinets, new his/her granite vanities, mirrors, light fixtures, a free-standing tub and walk-in shower with custom tile work. Oversized secondary bedrooms with large walk-in closet at bedroom 3.

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
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,563
Property Tax -$337
Property Insurance -$75
HOA -$36
Property Management Fees -$99
CASH FLOW
-$289

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.

$449,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.40%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8204$2,0005$2,300
$2,300
RENT COMPS ANALYSIS
  • 10941 S Turtle Dove Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,434 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,434 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.75
    •  
  • 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
Anthony R Sherman
Arizona Team Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203642
Last Updated: 03/19/2021
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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