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17455 W Elaine Drive Goodyear, AZ 85338

5 Beds 3 Baths 2,887 sqft Built 2003

$395,999

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $137.17
  • 3 Days on Market
  • MLS # : 6196044
  • Updated Date : 02/19/2021 at 23:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,887 sqft
  • Baths : 3 full
Listing Agent

North & Co

Listing Agent's Description

This Stunning home is perfect for entertaining with open floorplan, gorgeous Pebbletec pool, surround sound and covered patio! It has 5 bedrooms with 3 full baths. Kitchen Upgrades include Maple cabinetry, granite countertops, large island with breakfast bar, and corner pantry. Spacious Master Bedroom with large walk-in closet, ensuite has been beautifully updated with double vanity and a massive multi-head shower. Conveniently located by The 303 and Interstate 10 with shopping and restaurants nearby on McDowell. Solar energy a huge plus. Come see this home today it won't last!

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
 

$356,399$435,599$395,999

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,375
Property Tax -$307
Property Insurance -$83
HOA -$20
Property Management Fees -$99
CASH FLOW
$45

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.

$395,999

PROJECTED PRICE

$1,930

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$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,690

INVESTMENT

$110,690

Down Payment
$99,000
Rehab Estimate
$5,750
Closing Costs
$5,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,375

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,000
Loan Amount $296,999
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$26,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,230

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9303$2,3004$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 17455 W Elaine Drive Goodyear, AZ 2
    • 5 beds 3 baths ∙ 2,887 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,887 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.67
    •  
  • 17219 W Hilton Avenue Goodyear, AZ 1
    • 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
    •  
  • 17264 W Ashley Drive Goodyear, AZ 3
    • 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
    •  
  • 1634 S 174th Avenue Goodyear, AZ 4
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 2002
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.80
    •  
  • 16793 W Hilton Avenue Goodyear, AZ 5
    • 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 2012
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Brandi Petro
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196044
Last Updated: 02/19/2021
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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