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11022 Clear Water Drive Goodyear, AZ 85338

3 Beds 2 Baths 1,549 sqft Built 1994

$400,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $258.23
  • 6 Days on Market
  • MLS # : 6206734
  • Updated Date : 03/25/2021 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,549 sqft
  • Baths : 2 full
Listing Agent

Arizona Legacy Realty

Listing Agent's Description

Beautiful waterfront lake home with split floor plan and vaulted ceilings. This home has a brand new roof, freshly painted interior and exterior, all new carpet. In the large Master Bedroom walk right out the Acadia door into the huge extended covered patio to see the amazing views. Master Bath has separate shower and tub surrounded by brand new 20'' tile. The kitchen has a glass top stove, plenty of cabinets w/ glass front and custom tiled counters. Ceiling fans throughout lots of storage, newer Wifi garage door opener. True 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,389
Property Tax -$300
Property Insurance -$57
HOA -$35
Property Management Fees -$99
CASH FLOW
-$390

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.

$400,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.37%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4503$1,4904$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 11022 Clear Water Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.96
    •  
  • 10490 S 182nd Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.89
    •  
  • 18373 W Western Star Boulevard Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1999
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 11126 S San Esteban Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 18387 W Mcneil Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1998
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Lynette Osborn
Arizona Legacy Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206734
Last Updated: 03/25/2021
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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