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17953 W Lavender Lane Goodyear, AZ 85338

4 Beds 2 Baths 2,073 sqft Built 2010

INVESTimate

$350,000

List Price

$1,730

$1,557 - $1,903

Rent Est.

$369,845  ( +5.67%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $168.84
  • 6 Days on Market
  • MLS # : 6120419
  • Updated Date : 08/24/2020 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,073 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

*Remarkable home nestled in the heart of popular Goodyear is now on the market. Providing easy care desert front landscaping. Take a look at this open concept interior complete with 3 bed, 2 bath, designer paint, archways, lots of natural light, & living/dining area. Dreamy eat-in kitchen offers a centered island with sink & breakfast bar, recessed lighting, cabinetry with crown molding, granite counter-tops, pantry, lovely back-splash, and stainless steel appliances. Inside the bright master bedroom you will find a lavish full bathroom with dual vanity, separate tub, glass step-in shower, and walk-in closet. Enjoy your gatherings in this amazing backyard with covered patio, built-in BBQ, fire-pit, and mini-golf. All centered on a wonderful community.

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,291
Property Tax -$309
Property Insurance -$68
HOA -$111
Property Management Fees -$99
CASH FLOW
-$148

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.

$350,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.67%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,695

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6953$1,6954$1,7305$1,800
$1,800
RENT COMPS ANALYSIS
  • 17953 W Lavender Lane Goodyear, 4
    • 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.83
    •  
  • 13293 S 176th Drive Goodyear, 1
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 17841 W Buckhorn Drive Goodyear, 2
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2003
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 17940 W Verdin Road Goodyear, 3
    • 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
    •  
  • 13326 S 176th Avenue Goodyear, 5
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Martin C Sears
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120419
Last Updated: 08/24/2020
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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