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17449 W Cocopah Street Goodyear, AZ 85338

4 Beds 3 Baths 2,727 sqft Built 2002

$375,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $137.51
  • 4 Days on Market
  • MLS # : 6193655
  • Updated Date : 02/18/2021 at 19:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,727 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Stunning home with lot of upgrades! Porcelain wood Plank Tile downstairs Kitchen slab granite radius island & quartz counters around with all backsplash farmhouse sink. Huge master suite w/walk-in closet, bath offers double sinks and Separate Shower & Tub. Rooms are extremely spacious and this is a fantastic floorplan! Downstairs offers formal living/dining room, kitchen with eat-in area and family room with fireplace, bedroom, full bath, & laundry room. Upstairs has a huge loft, master suite and 2 additional bedrooms. 2 Car Garage with Enclosed Den Space (Approx. 14 X 11 w/A/C). Grassy yard out back with large covered patio

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
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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,303
Property Tax -$290
Property Insurance -$80
HOA -$20
Property Management Fees -$99
CASH FLOW
$78

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.

$375,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.50%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$28,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,154

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,9253$2,1254$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 17449 W Cocopah Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.69
    •  
  • 17219 W Hilton Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.71
    •  
  • 17344 W Lilac Street Goodyear, AZ 3
    • 5 beds 3 baths ∙ 2,610 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,610 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.81
    •  
  • 1533 S 173rd Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 17264 W Ashley Drive Goodyear, AZ 5
    • 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2004
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Celia Jimenez
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193655
Last Updated: 02/18/2021
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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