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17979 W Fairview Street Goodyear, AZ 85338

2 Beds 2 Baths 1,761 sqft Built 2016

$374,900

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $212.89
  • 4 Days on Market
  • MLS # : 6211473
  • Updated Date : 03/24/2021 at 18:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,761 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

What a great opportunity to own a property in the prestigious Active Adult community 55+ of CantaMia in Estrella Mountain! Featuring low maintenance front yard, charming stone facade, 2 car garage, cozy front porch, dining, family, den, living area, and gorgeous flooring, you simply have to come see it to believe it! The elegant kitchen is comprised of white cabinets, granite countertops, tile backsplash, matching appliances, a pantry, a circular huge island w breakfast bar and double sinks for easy meal prep, and a lovely nook o/looking serene backyard. Master bedroom includes bay windows, private bath as well as a walk-in closet. Out the back is an extended patio and a curved pavers leading to the above ground spa for your relaxing needs. Don't miss all that CantaMia has to offer. DEN-

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
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
 

$337,410$412,390$374,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,302
Property Tax -$331
Property Insurance -$62
HOA -$256
Property Management Fees -$99
CASH FLOW
$430

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.

$374,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$59,169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,994

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,4803$3,600
$3,600
RENT COMPS ANALYSIS
  • 17979 W Fairview Street Goodyear, AZ 2
    • 2 beds 2 baths ∙ 1,761 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,761 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.41
    •  
  • 15903 S 178th Drive Goodyear, AZ 1
    • 2 beds 2 baths ∙ 1,610 Sqft ∙ Built 2020 2 beds 2 baths ∙ 1,610 Sqft ∙ Built 2020
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.36
    •  
  • 18075 W Saltsage Drive Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,761 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,761 Sqft ∙ Built 2018
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.04
    •  
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 #: 6211473
Last Updated: 03/24/2021
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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