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17243 W Hilton Avenue Goodyear, AZ 85338

3 Beds 2 Baths 1,806 sqft Built 2004

$303,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $167.77
  • 4 Days on Market
  • MLS # : 6177983
  • Updated Date : 01/07/2021 at 17:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,806 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Goodyear one-story cul-de-sac home offers a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottonflower

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $96k302k

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

Neighborhood: Cottonflower

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9031646

* 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
Centerra Mirage Stem Academy Primary Regular 569 24 4
Centerra Mirage Stem Academy Middle Regular 569 24 4
Verrado High School High Regular 1,855 74 4

Centerra Mirage Stem Academy

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 24
4
GreatSchools Rating

Centerra Mirage Stem Academy

  • Education Level: Middle
  • # of students: 569
  • # of teachers: 24
4
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$272,700$333,300$303,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,052
Property Tax -$235
Property Insurance -$62
HOA -$19
Property Management Fees -$99
CASH FLOW
$13

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$303,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,045

INVESTMENT

$86,045

Down Payment
$75,750
Rehab Estimate
$5,750
Closing Costs
$4,545

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,750
Loan Amount $227,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$18,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,494

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4803$1,4994$1,5505$1,675
$1,675
RENT COMPS ANALYSIS
  • 17243 W Hilton Avenue Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.82
    •  
  • 17230 W Ashley Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 17276 W Ashley Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.83
    •  
  • 17238 W Elizabeth Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 2003
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 17271 W Salome Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.84
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177983
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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