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17562 W Agave Court Goodyear, AZ 85338

3 Beds 2 Baths 2,253 sqft Built 2003

$459,888

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $204.12
  • 3 Days on Market
  • MLS # : 6193602
  • Updated Date : 02/12/2021 at 18:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,253 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful, updated Ryland home located in the Villages of Estrella Mountain Ranch. Popular Sycamore 3 bedroom, 2 bath plus den floor plan. The backyard is designed around the heated Pebble Tec pool so you can take advantage of our AZ weather and views of the Estrella Foothills while entertaining family and friends. The home is well maintained and lightly lived in. New upgrades & custom features throughout. New pool pump, heater, water heater, RO system, soft water system, granite, lighting, custom paint, etc. Too many to list. Come see for yourself! This awesome gem in the desert!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: 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
 

$413,899$505,877$459,888

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,597
Property Tax -$407
Property Insurance -$71
HOA -$36
Property Management Fees -$99
CASH FLOW
-$370

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.

$459,888

PROJECTED PRICE

$1,840

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,620

INVESTMENT

$127,620

Down Payment
$114,972
Rehab Estimate
$5,750
Closing Costs
$6,898

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,972
Loan Amount $344,916
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,146

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8404$1,8505$2,200
$2,200
RENT COMPS ANALYSIS
  • 17562 W Agave Court Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.82
    •  
  • 10810 S 175th Drive Goodyear, AZ 1
    • 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
    •  
  • 13326 S 176th Avenue Goodyear, AZ 2
    • 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
    •  
  • 12436 S 176th Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2001
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 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
Elizabeth A Smith
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193602
Last Updated: 02/12/2021
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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