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17931 W Narramore Road Goodyear, AZ 85338

3 Beds 3 Baths 3,174 sqft Built 2006

$599,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $188.72
  • 4 Days on Market
  • MLS # : 6192734
  • Updated Date : 02/18/2021 at 13:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,174 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Absolutely stunning TW Lewis home in the desirable gated golf course community of Estrella. Beautifully designed with attention to detail this home shows like a gem. From the moment you walk through the secluded courtyard, welcomed by the outdoor fireplace perfect for entertaining you will appreciate all of the tasteful design selections. Large great room with a gorgeous fireplace perfectly situated off the gourmet kitchen that features high grade granite, loads of beautiful cabinetry, over sized pantry and cast iron wine cellar nook. Luxurious master suite with snail shower, soaking tub, dual closets & private exit to the yard. Additional bedrooms are spacious & split for privacy. The backyard is beautifully finished with a heated pool and over sized patio for relaxing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: 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
Estrella Foothills High School High Regular 1,037 43 5

Estrella Foothills High School

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

$539,100$658,900$599,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$2,081
Property Tax -$530
Property Insurance -$89
HOA -$57
Property Management Fees -$99
CASH FLOW
-$735

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.

$599,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,148

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,0003$2,1004$2,120
$2,120
RENT COMPS ANALYSIS
  • 17931 W Narramore Road Goodyear, AZ 4
    • 3 beds 3 baths ∙ 3,174 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,174 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.67
    •  
  • 12428 S 179th Lane Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.68
    •  
  • 17604 W Copper Ridge Drive Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
  • 12749 S 179 Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 3,174 Sqft ∙ Built 2005 3 beds 2 baths ∙ 3,174 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.66
    •  
PROPERTY LISTING DETAILS
Jennifer J Polansky
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192734
Last Updated: 02/18/2021
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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