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17727 W Verdin Road Goodyear, AZ 85338

3 Beds 2 Baths 1,844 sqft Built 2012

$356,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $193.55
  • 4 Days on Market
  • MLS # : 6172436
  • Updated Date : 12/17/2020 at 16:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,844 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Be ready to call this 3 bedroom, 2 bathroom in a friendly Goodyear neighborhood your home. The endearing gated patio leads to the front door and is roomy enough for a small outside bench. The windows in the large living room make the space feel warm and inviting. The kitchen looks out to the living room and gives the chef the option to engage with any living room activity if they choose. Also, the island in the kitchen provides convenient additional counter space. The spacious primary bedroom has an en suite bathroom with a big walk-in closet. The landscaped backyard has an outside bar area, fire pit, and a view of a mountain. It is not hard to imagine oneself making memories with the ones you love in this home.

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
Westar Elementary School Primary Regular 682 35 8
Westar Elementary School Middle Regular 682 35 8
Estrella Foothills High School High Regular 1,037 43 5

Westar Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 35
8
GreatSchools Rating

Westar Elementary School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 35
8
GreatSchools Rating

Estrella Foothills High School

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

$321,210$392,590$356,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,317
Property Tax -$316
Property Insurance -$63
HOA -$37
Property Management Fees -$99
CASH FLOW
-$221

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.

$356,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,329

INVESTMENT

$100,329

Down Payment
$89,225
Rehab Estimate
$5,750
Closing Costs
$5,354

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,225
Loan Amount $267,675
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,632

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6103$1,6954$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 17727 W Verdin Road Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.87
    •  
  • 12773 S 175th Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 2002
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 17940 W Verdin Road Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2011
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 17665 W Agave Road Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2010
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 13326 S 176th Avenue Goodyear, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172436
Last Updated: 12/17/2020
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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