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17953 W Hubbard Drive Goodyear, AZ 85338

3 Beds 2 Baths 1,879 sqft Built 1998

$375,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $199.57
  • 3 Days on Market
  • MLS # : 6190054
  • Updated Date : 02/07/2021 at 02:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,879 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Don't miss the opportunity to own this extremely well cared for 3 bed 2 bath 3 car, in Estrella Mtn Ranch - Interior amenities include formal living / dining rm. plus eat in kitchen & breakfast bar that opens to family rm with gas fire place. Beautiful Engineered Hard wood floors, granite counter tops, vaulted ceilings, - 2019 Bathrooms beautifully remodeled, AC replaced along with Water Heater - Kenitico whole house filter stays - owner even has an air-conditioned office off the garage, Close proximity to this communities lakes, hiking & biking trails. Beautiful views front & back. a must see property

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,303
Property Tax -$281
Property Insurance -$64
HOA -$34
Property Management Fees -$99
CASH FLOW
-$120

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.

$375,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,790

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6603$1,7954$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 17953 W Hubbard Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.88
    •  
  • 10991 S Dreamy Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1993
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 10460 S 182nd Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2003
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 12436 S 176th Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2001
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 11199 S Fiesta Court Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Gregory Cantor
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190054
Last Updated: 02/07/2021
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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