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17731 W Sandy Road Goodyear, AZ 85338

3 Beds 2 Baths 1,715 sqft Built 2018

$365,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $212.83
  • 5 Days on Market
  • MLS # : 6154083
  • Updated Date : 10/31/2020 at 00:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Amazing 3 bedrooms + den/office, 2 bathroom in master planned Estrella Mountain Ranch. beauty offers desert landscaping, stone accent facade, 2 car garage, w/gated courtyard entry. Perfectly flowing layout features warm neutral paint, gorgeous wood plank tile & recessed lighting open to an inviting great room. The immaculate kitchen features stainless steel appliances, upgraded cabinets, granite counters, pantry, & island w/breakfast bar. Split master suite w/full bath, double sinks, soaking tub, step-in shower & walk-in closet. Spacious den/office could be 4th bedroom. Terrific mountain views from the fantastic backyard w/perfect sunsets! Covered patio, pavers, artificial turf & cozy gas fire pit complete the picture for this captivating home! FULL 3D WALKTHROUGH - SEE VIRTUAL TOUR.

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,347
Property Tax -$323
Property Insurance -$61
HOA -$37
Property Management Fees -$99
CASH FLOW
-$356

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.

$365,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.41%

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

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,904

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,586

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5103$1,7504$1,8005$1,825
$1,825
RENT COMPS ANALYSIS
  • 17731 W Sandy Road Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.88
    •  
  • 17625 W Eastwind Avenue Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.80
    •  
  • 17665 W Agave Road Goodyear, AZ 3
    • 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
    •  
  • 18526 W Desert Trumpet Road Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 17895 W Desert Wind Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2014
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.00
    •  
PROPERTY LISTING DETAILS
Christopher Bole
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154083
Last Updated: 10/31/2020
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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