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17722 W Desert View Lane Goodyear, AZ 85338

3 Beds 2 Baths 2,210 sqft Built 2004

$420,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $190.05
  • 3 Days on Market
  • MLS # : 6190638
  • Updated Date : 02/06/2021 at 23:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,210 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Immaculate Condition Home! No need to look further. Homeowners have been seasonal residents, this home shows better than new! Ten foot ceilings throughout! Tons of upgrades including, carpeting, oversized tile in all the traffic areas, premium cabinetry with crown molding, granite tile countertops, pull down faucet in kitchen island & a fireplace. Lots of windows to enjoy the beautiful view. Master is split from the other bedrooms. Home sits on a HUGE lot that backs to a wash,lots of privacy and tons of room. Homeowners added an extension to patio for lots of shade to be enjoying the beautiful outside space. No need to Preview!!!

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,459
Property Tax -$371
Property Insurance -$70
HOA -$36
Property Management Fees -$99
CASH FLOW
-$215

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.

$420,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.43%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,122

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8203$1,8504$1,8505$2,200
$2,200
RENT COMPS ANALYSIS
  • 17722 W Desert View Lane Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.82
    •  
  • 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
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 17726 W Granite View Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 2018
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 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
    property image
    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
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
PROPERTY LISTING DETAILS
Magdalena Fit
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190638
Last Updated: 02/06/2021
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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