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12810 S 177th Avenue Goodyear, AZ 85338

4 Beds 3 Baths 3,059 sqft Built 2002

$515,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $168.36
  • 3 Days on Market
  • MLS # : 6157356
  • Updated Date : 11/06/2020 at 15:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,059 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Elegance right from the front door! This Emerald Greens/TW Lewis beauty offers open flow floor plan w/FR w/freshly updated f/place surround & mantel + media wall, formal LR/DR or perfect study/den space. Chef central features upgraded cabinetry, 5-burner gas cooktop, brand new wall oven & built-in MCO, large island/brkfst bar & abundant storage. Spacious master suite has large garden tub & separate shower, dual raised vanities w/upgraded lighting, large walk-in closet w/built-in organizers & private exit to back yard. 3 secondary bdrms are all well-sized, 1 w/double door entry. All main living areas look out to oversized back yard ready for your design. HUGE lot w/plenty of room for pool, spa, outdoor kitchen....! A coveted 3-car side-by-side garage offers plenty of room for toys. All this

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
Westar Elementary School Primary Regular 682 35 8
Westar Elementary School Middle Regular 682 35 8
Estrella Foothills High School High Regular 1,037 43 5

Westar Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 35
8
GreatSchools Rating

Westar Elementary School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 35
8
GreatSchools Rating

Estrella Foothills High School

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

$463,500$566,500$515,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,900
Property Tax -$455
Property Insurance -$87
HOA -$61
Property Management Fees -$99
CASH FLOW
-$582

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.

$515,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.39%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$889

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,141

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9253$2,0004$2,1005$2,175
$2,175
RENT COMPS ANALYSIS
  • 12810 S 177th Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12428 S 179th Lane Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.68
    •  
  • 17604 W Copper Ridge Drive Goodyear, AZ 3
    • 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
  • 12749 S 179 Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 3,174 Sqft ∙ Built 2005 3 beds 2 baths ∙ 3,174 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.66
    •  
  • 18129 W Juniper Drive Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.77
    •  
PROPERTY LISTING DETAILS
Gale Samuelsen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157356
Last Updated: 11/06/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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