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17756 W Redwood Lane Goodyear, AZ 85338

3 Beds 3 Baths 2,202 sqft Built 2012

$425,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $193.01
  • 2 Days on Market
  • MLS # : 6172619
  • Updated Date : 12/19/2020 at 13:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,202 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Popular Cadence Model with Casita! Main House offers 1,929 sf 2beds+den 2baths. Casita is 273 sf 1bed/1bath, with it's own A/C (Use it for a Guest House, Office, Workshop, or Game Room!) Paver courtyard & back patio! 3.8kW Owned Solar System offering approximate savings of $1,100/year! Kitchen Features: Upgraded Stainless Steel KitchenAid Appliances, Entertainer's Island, Gas Cooktop and Breakfast Nook with Bay Window! Plantation Wood Shutters! Flexible Decor compliments traditional or contemporary furnishings with grey & brown tones throughout! Master Bath has walk-in snail shower with floor-to-ceiling tile and large walk-in closet! In addition home offers Central Vacuum, Epoxy Garage Floors, and water softener. Backyard has low maintenance artificial turf and landscaping. Located in the

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cantamia at Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $95k358k

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

Neighborhood: Cantamia at Estrella

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,568
Property Tax -$376
Property Insurance -$70
HOA -$256
Property Management Fees -$99
CASH FLOW
-$499

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.

$425,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8703$1,8704$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 17756 W Redwood Lane Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,202 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,202 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.85
    •  
  • 18526 W Desert Trumpet Road Goodyear, AZ 1
    • 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
    •  
  • 18267 W Thunderhill Place Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2018
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.89
    •  
  • 15244 S 183rd Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2017
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 18108 W Thunderhill Place Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,519 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,519 Sqft ∙ Built 2013
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
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 #: 6172619
Last Updated: 12/19/2020
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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