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17963 W Deer Creek Road Goodyear, AZ 85338

2 Beds 2 Baths 1,418 sqft Built 2018

INVESTimate

$284,900

List Price

$1,590

$1,431 - $1,749

Rent Est.

$300,427  ( +5.45%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $200.92
  • 8 Days on Market
  • MLS # : 6119761
  • Updated Date : 08/20/2020 at 17:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,418 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

VACANT!! Come see this beautiful single story home in 55+ CantaMia at Estrella! This home offers new luxury vinyl plank flooring and custom lighting and plumbing fixtures. An open den features custom built in cabinets. The kitchen features custom cabinetry with crown molding, a large island for extra prep and storage, granite countertops with custom backsplash and stainless steel appliances. The primary bedroom has an ensuite bathroom with dual sinks, private water closet and a walk in closet. The 2 car garage has epoxy flooring, storage cabinets, utility sink, a soft water system and exterior door. This active adult community offers walking/biking trails, pool, fitness center, pickleball, golf, and many other activities at the private residents club. Don't miss this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cantamia at Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $95k358k

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

Neighborhood: Cantamia at Estrella

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
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,051
Property Tax -$252
Property Insurance -$55
HOA -$251
Property Management Fees -$99
CASH FLOW
-$118

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.

$284,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.45%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4953$1,590
$1,590
RENT COMPS ANALYSIS
  • 17963 W Deer Creek Road Goodyear, 3
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.12
    •  
  • 16740 S 180th Avenue Goodyear, 1
    • 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 2016
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.15
    •  
  • 17950 W Cedarwood Lane Goodyear, 2
    • 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2017
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119761
Last Updated: 08/20/2020
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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