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17962 W Montecito Avenue Goodyear, AZ 85395

5 Beds 3 Baths 4,297 sqft Built 2011

$525,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $122.18
  • 3 Days on Market
  • MLS # : 6198925
  • Updated Date : 02/27/2021 at 16:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,297 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful 5 Bedroom (Office AND 1 bedroom & full bath downstairs) Stunning Home on over 1/4 acre lot in the Sedella Community. Rare opportunity to buy this home that features a beautiful floorplan for entertaining. Very large Living, Dining, & Family Rooms with a huge Kitchen and island. Closet space that you rarely find! This over quarter acre lot has an RV gate with concrete RV pad for parking your RV and a Pergola with remote louvers for cover or sunshine. Upstairs you will enjoy a massive loft that is surrounded by 3 large bedrooms plus the huge Master bedroom and extra large master bathroom. The home has carpet, sheet and wood vinyl. Fresh new exterior paint. You will believe that dreams do come true! Don't wait, your new home is waiting for you.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sedella

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k418k

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

Neighborhood: Sedella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452300

* 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
Verrado Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$1,824
Property Tax -$356
Property Insurance -$111
HOA -$110
Property Management Fees -$99
CASH FLOW
$431

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.

$525,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$70,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $3,051

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,930
$2,930
RENT COMPS ANALYSIS
  • 17962 W Montecito Avenue Goodyear, AZ 2
    • 5 beds 4 baths ∙ 4,297 Sqft ∙ Built 2011 5 beds 4 baths ∙ 4,297 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.68
    •  
  • 18015 W Solano Drive Litchfield Park, AZ 1
    • 4 beds 4 baths ∙ 4,021 Sqft ∙ Built 2008 4 beds 4 baths ∙ 4,021 Sqft ∙ Built 2008
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.71
    •  
PROPERTY LISTING DETAILS
Bobbi Engle
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198925
Last Updated: 02/27/2021
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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