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10965 S Santa Columbia Drive Goodyear, AZ 85338

3 Beds 3 Baths 2,500 sqft Built 2021

$579,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $231.96
  • 2 Days on Market
  • MLS # : 6210112
  • Updated Date : 03/20/2021 at 19:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

Morgan Taylor Realty

Listing Agent's Description

**TO BE BUILT HOME** This Spectacular Open floor concept hosts a generous Kitchen, perfect for the inspired home chef, complete with Granite counter tops, Stainless Steel Appliances, White Shaker Style Cabinets with Soft Close Doors & Drawers. Wood-like Tile Flooring in all the main areas except bedrooms and closets. Enter your Owners Suite which offers an exceptional Walk- In Closet, Executive Height Vanities, Separate Tub, and a sizeable Shower. Two secondary Bedrooms with a separate Dining Room, or option to make it your Office Space. Fantastic lot with beautiful desert vegetation and Mountain Views. Estrella Mountain is a Master Planned Community which offers great amenities, hiking and biking.

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
 

$521,910$637,890$579,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$2,014
Property Tax -$434
Property Insurance -$76
HOA -$29
Property Management Fees -$99
CASH FLOW
-$793

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$579,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.32%

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) 3.00%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,674

INVESTMENT

$155,674

Down Payment
$144,975
Rehab Estimate
$2,000
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$79

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,156

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8603$2,0004$2,0005$2,400
$2,400
RENT COMPS ANALYSIS
  • 10965 S Santa Columbia Drive Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.74
    •  
  • 10133 S 186th Avenue Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2002
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 18359 W Sweet Acacia Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,447 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,447 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 12032 S 184th Avenue Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 18226 W Sequoia Drive Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2014
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
PROPERTY LISTING DETAILS
Niki Roberts
Morgan Taylor Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210112
Last Updated: 03/20/2021
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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