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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $179.46
- 1 Days on Market
- MLS # : 6210233
- Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,201 sqft
- Baths : 2 full , 1 half
Listing Agent
Nexgen Real Estate
Listing Agent's Description
Welcome to Estrella Mountain Ranch in Goodyear! This beautiful 3 bed 2.5 bath home features an open kitchen, with large island & breakfast nook. Family room features a gorgeous fireplace. Neutral paint, ceiling fans in every room, Formal dining/living room & new tile in all traffic areas. DOWNSTAIRS MASTER has door leading to the backyard covered patio. Master bathroom has a walk in closet, double sinks, & separate shower. Upstairs is a spacious loft with door leading to your view deck that overlooks the backyard & picturesque MOUNTAIN VIEWS perfect for sunrise, sunset, & star gazing. LAKE ACCESS 12 houses down, shopping & Starpointe Residence Club right up the street. Community features include two lakes, water slides, gym, library, sport courts & more. Come enjoy your permanent vacation!
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PRICE & RENT TRENDS
Neighborhood: Estrella Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estrella Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$296 | |
| Property Insurance | -$70 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$156
|
||
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.
$395,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
3.25
YEARS SAVED
$10,459
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,893
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
17960 W Cardinal Drive Goodyear, AZ 1
- 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
18165 W Canyon Lane Goodyear, AZ 2
- 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2001
![property image]()
LEASED 03/01/21- Rent
- Rent Per SQFT
- $1,695
- $0.91
-
10441 S Santa Fe Lane Goodyear, AZ 3
- 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1991
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.82
-
10133 S 186th Avenue Goodyear, AZ 4
- 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2002
![property image]()
LEASED 11/27/20- Rent
- Rent Per SQFT
- $1,850
- $0.85
-
11024 S Desert Lake Drive Goodyear, AZ 5
- 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1990
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,000
- $0.86
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6210233
Last Updated: 03/21/2021
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.
