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17422 W Woodlands Avenue Goodyear, AZ 85338

4 Beds 2 Baths 1,798 sqft Built 2007

$290,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $161.29
  • 1 Days on Market
  • MLS # : 6157866
  • Updated Date : 11/07/2020 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,798 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Take a look at this wonderful 4 bed, 2 bath, single story home in beautiful Canyon Trails, Goodyear, AZ 85338. Upon entry, you will be taken back by the open feeling of this split floor plan. Kitchen features ample cabinetry, gas cooking, stainless appliances and a bar top that opens to the family room; great for entertaining. The master boasts large walk in closet, dual vanity and separate tub & shower. UPDATED A/C! Solar is a plus for the energy savings. HOA fee covers community pool, acres of parks and miles of walking paths. Minutes from grocery, restaurants, I-10 freeway, NEW City Center and spring training- fantastic location! This home a must see.

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
Desert Thunder School Primary Regular 636 26 5
Desert Thunder School Middle Regular 636 26 5
Verrado High School High Regular 1,855 74 4

Desert Thunder School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Desert Thunder School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Verrado High School

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

$261,000$319,000$290,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,070
Property Tax -$193
Property Insurance -$62
HOA -$82
Property Management Fees -$99
CASH FLOW
-$77

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.

$290,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,551

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4503$1,5004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 17422 W Woodlands Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.80
    •  
  • 16803 W Fillmore Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2001
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 17633 W Lilac Street Goodyear, AZ 3
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 2008
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 17612 W Buchanan Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 2009
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 17380 W Lilac Street Goodyear, AZ 5
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2007
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Lindsay L Kothe, Pllc
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157866
Last Updated: 11/07/2020
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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