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17511 W Polaris Drive Goodyear, AZ 85338

3 Beds 2 Baths 1,610 sqft Built 2016

$301,999

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $187.58
  • 2 Days on Market
  • MLS # : 6160614
  • Updated Date : 11/14/2020 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Extra Clean move in ready home available in highly sought after Estrella. Excellent community with resort style amenities including tennis, a workout facility, clubhouse, golf, pool, spa & much more. Practically new Beazer home with upgrades. You will love the spacious greatroom floor plan, perfect for entertaining. Beautiful grey oblong tile in the common areas and upgraded berber carpet in the bedrooms . Stylish kitchen features gas cooking, granite counter-tops, a pantry & an island w/ breakfast bar seating. Master retreat has a full en-suite w/separate soaking tub & shower. This home has been gently lived in is light and bright and still smells like new.Two bedroom plus a den. Den is private and can be used as a 3rd bedroom. Backyard is fully enclosed & offers a covered patio & l

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: South Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9641981

* 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
Estrella Mountain Elementary School Primary Regular 577 29 7
Estrella Mountain Elementary School Middle Regular 577 29 7
Estrella Foothills High School High Regular 1,037 43 5

Estrella Mountain Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 29
7
GreatSchools Rating

Estrella Mountain Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 29
7
GreatSchools Rating

Estrella Foothills High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 43
5
GreatSchools Rating
 

$271,799$332,199$301,999

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,114
Property Tax -$267
Property Insurance -$59
HOA -$37
Property Management Fees -$99
CASH FLOW
-$46

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$301,999

PROJECTED PRICE

$1,530

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,780

INVESTMENT

$85,780

Down Payment
$75,500
Rehab Estimate
$5,750
Closing Costs
$4,530

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,114

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,500
Loan Amount $226,499
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$15,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,538

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5303$1,5954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 17511 W Polaris Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.95
    •  
  • 17539 W Cardinal Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2000
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 17508 W Summit Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2018
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 10810 S 175th Drive Goodyear, AZ 4
    • 4 beds 2 baths ∙ 1,907 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,907 Sqft ∙ Built 2016
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 17439 W Eagle Court Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2017
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.05
    •  
PROPERTY LISTING DETAILS
Brenda L Moore
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160614
Last Updated: 11/14/2020
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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