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17921 W Agave Road Goodyear, AZ 85338

3 Beds 2 Baths 2,232 sqft Built 2010

$454,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $203.41
  • 4 Days on Market
  • MLS # : 6183806
  • Updated Date : 01/21/2021 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,232 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Goodyear one-story home offers a patio, granite countertops, and a three-car garage. This home is vacant and cleaned regularly.

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
 

$408,600$499,400$454,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,577
Property Tax -$401
Property Insurance -$71
HOA -$36
Property Management Fees -$99
CASH FLOW
-$244

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.

$454,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.43%

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$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$126,060

INVESTMENT

$126,060

Down Payment
$113,500
Rehab Estimate
$5,750
Closing Costs
$6,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,577

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,500
Loan Amount $340,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,942

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$1,8704$1,8955$1,940
$1,940
RENT COMPS ANALYSIS
  • 17921 W Agave Road Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,232 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,232 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.87
    •  
  • 17940 W Verdin Road Goodyear, AZ 1
    • 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
    •  
  • 17726 W Granite View Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 2018
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 18267 W Thunderhill Place Goodyear, AZ 3
    • 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
    •  
  • 18368 W Thunderhill Place Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2017
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183806
Last Updated: 01/21/2021
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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