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17409 W Woodlands Avenue Goodyear, AZ 85338

4 Beds 3 Baths 2,348 sqft Built 2007

$349,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $148.64
  • 4 Days on Market
  • MLS # : 6188997
  • Updated Date : 02/06/2021 at 02:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,348 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

4 Beds, 2.5 Baths with Upgrades Throughout the Home. Downstairs Features Office, Dinning, Family Room and Eat-in Extended Kitchen. Kitchen has Upgraded 42'' Cabinets, Granite Countertops, Pantry, Island, Stainless Steel Appliances with Gas Stub available. Upgraded Stair Railing Leads to Large Loft. Master Suite has His & Her Walk-in Closets, Double Sinks, Separate Shower and Soaking Tub. Bedrooms have Ceiling Fans and Walk-in Closets. Pella French Doors Lead to the Covered Extended Patio with Artificial Turf, Tree, Pavers, and Garden. Both 16 SEER ACs Installed 2018. Water Heater installed 2020. Home Boarders a Lit Walking Path that Leads to the Community Pool/Gym. The Community Features a Pool, Toddler Pool, Gym, Grilling Areas, Shaded Parks, Basketball and Sand Volleyball Courts.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: Canyon Trails West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9281646

* 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
Verrado High School High Regular 1,855 74 4

Verrado High School

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

$314,100$383,900$349,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,212
Property Tax -$233
Property Insurance -$73
HOA -$85
Property Management Fees -$99
CASH FLOW
-$92

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.

$349,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,889

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5493$1,5504$1,6105$1,925
$1,925
RENT COMPS ANALYSIS
  • 17409 W Woodlands Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.69
    •  
  • 17407 W Adams Street Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2007
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.73
    •  
  • 17317 W Woodlands Avenue Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2007
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.75
    •  
  • 17439 W Monroe Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.70
    •  
  • 17669 W Lincoln Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,337 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,337 Sqft ∙ Built 2008
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.82
    •  
PROPERTY LISTING DETAILS
Anna Houck
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188997
Last Updated: 02/06/2021
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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