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17532 W Verdin Road Goodyear, AZ 85338

3 Beds 2 Baths 2,254 sqft Built 2008

$450,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $199.65
  • 4 Days on Market
  • MLS # : 6211366
  • Updated Date : 03/26/2021 at 21:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,254 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Well maintained move in ready home located on corner lot in the desirable Master Planned Community of Estrella! Home backs to wash with no neighbors directly behind. Hard to find 3 car tandem garage with a 4 foot extension!! There are three nice sized bedrooms and two full baths, plus an office/den and large bonus room that can be used as a formal living or dining room, craft room, game room, etc. The great room is open to the kitchen with island and upgraded appliances. The backyard is perfect for entertaining family and friends with a gas BBQ, extended paver patio and sparkling pool! Interior was just recently painted and exterior was painted two years ago. Tile throughout home with carpet only in the two spare bedrooms. Don't miss out on this one! It won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coronado Village at Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k379k

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

Neighborhood: Coronado Village at Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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 Foothills High School High Regular 1,037 43 5

Estrella Foothills High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,563
Property Tax -$398
Property Insurance -$71
HOA -$36
Property Management Fees -$99
CASH FLOW
-$67

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.

$450,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$18,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,186

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$2,1004$2,1205$2,200
$2,200
RENT COMPS ANALYSIS
  • 17532 W Verdin Road Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,254 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,254 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 13326 S 176th Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 17501 W Lavender Lane Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 17841 W Buckhorn Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2003
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.96
    •  
  • 17483 W Desert Sage Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,143 Sqft ∙ Built 2003
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tara Rutkowski
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211366
Last Updated: 03/26/2021
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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