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17592 W Copper Ridge Drive Goodyear, AZ 85338

4 Beds 2 Baths 2,906 sqft Built 2001

$419,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $144.49
  • 3 Days on Market
  • MLS # : 6181610
  • Updated Date : 01/16/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,906 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

MUST SEE... over 2,900 sqft spacious move in ready home with a backyard oasis including an extended patio, sparkling pool, spa & putting green! This open floor plan includes 3 HUGE bedrooms, plus super spacious master bedroom, and den to offer plenty of space for family and friends! Kitchen features stainless steel appliances, gas oven, full tile backsplash and large granite countertop island. Perfectly situated in the amazing Master Planned Community of Estrella with two residents' clubs, lakes, splash park, hiking/biking trails fitness centers and more! Don't miss out on your chance to own this home!

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 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
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,458
Property Tax -$315
Property Insurance -$84
HOA -$36
Property Management Fees -$99
CASH FLOW
$189

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.

$419,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.52%

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$0.0$5.0k$10k$15k$20k

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$39,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,354

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1803$2,3004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 17592 W Copper Ridge Drive Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.75
    •  
  • 17604 W Copper Ridge Drive Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
  • 11252 S Indian Wells Drive Goodyear, AZ 3
    • 4 beds 2 baths ∙ 2,706 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,706 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
  • 12706 S 176th Lane Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,821 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,821 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
  • 17953 W Willow Drive Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
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 #: 6181610
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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