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17823 W Lilac Street Goodyear, AZ 85338

3 Beds 3 Baths 2,300 sqft Built 2020

$355,995

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $154.78
  • 2 Days on Market
  • MLS # : 6170644
  • Updated Date : 12/11/2020 at 22:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,300 sqft
  • Baths : 2 full , 1 half
Listing Agent

Richmond American Homes

Listing Agent's Description

This new ranch-style home includes an inviting great room and a gourmet kitchen with 42''cabinets, natural stone countertops,ceramic flooring, stainless steel appliances, walk in pantry and an expansive center island. The luxurious owners suite offers a spacious walk in closet and lavish bath with cultured marble countertops. You'll also appreciate the quiet study,convenient laundry and paver driveway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: Canyon Trails West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9281646

* 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
Copper Trails School Primary Regular 922 39 6
Copper Trails School Middle Regular 922 39 6
Verrado High School High Regular 1,855 74 4

Copper Trails School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Copper Trails School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$320,396$391,595$355,995

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,313
Property Tax -$237
Property Insurance -$72
HOA -$74
Property Management Fees -$99
CASH FLOW
$4

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$355,995

PROJECTED PRICE

$1,800

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$96,339

INVESTMENT

$96,339

Down Payment
$88,999
Rehab Estimate
$2,000
Closing Costs
$5,340

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,313

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,999
Loan Amount $266,996
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$25,572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,8004$1,9255$2,100
$2,100
RENT COMPS ANALYSIS
  • 17823 W Lilac Street Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 17463 W Yavapai Street Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 17778 W Hadley Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,176 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,176 Sqft ∙ Built 2016
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 17669 W Lincoln Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,337 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,337 Sqft ∙ Built 2008
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.82
    •  
  • 17453 W Navajo Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2003
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
PROPERTY LISTING DETAILS
Donald Zach
Richmond American Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170644
Last Updated: 12/11/2020
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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