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202 S 174th Drive Goodyear, AZ 85338

4 Beds 3 Baths 2,612 sqft Built 2006

$439,999

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $168.45
  • 1 Days on Market
  • MLS # : 6155333
  • Updated Date : 11/02/2020 at 18:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,612 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Stunning 4 bed/3 bath home available on a large corner lot in Canyon Trails. Excellent Goodyear community with beautiful parks, located near freeways, schools, shopping and restaurants. Must see interior sure to impress offering formal living/dining as well as a spacious open concept family room. High ceilings, beautiful wood and tile flooring and inviting custom paint tones throughout. Stylish kitchen boasts sleek granite counters, ss appliances, subway tile backsplash and a breakfast bar. Upstairs master includes a sitting area and an elegant ensuite. 2 car garage. Incredible backyard entertaining space is complete with a covered patio, a gazebo, pavers, and a sparkling pool. With no rear neighbors you can enjoy your privacy and sweeping mountain views. This gem has it all. See it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: Canyon Trails West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9281646

* 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
Desert Thunder School Primary Regular 636 26 5
Desert Thunder School Middle Regular 636 26 5
Verrado High School High Regular 1,855 74 4

Desert Thunder School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Desert Thunder School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Verrado High School

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

$395,999$483,999$439,999

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,623
Property Tax -$293
Property Insurance -$78
HOA -$82
Property Management Fees -$99
CASH FLOW
-$426

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$439,999

PROJECTED PRICE

$1,750

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $329,999
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,004

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,855

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5953$1,7504$1,8255$2,125
$2,125
RENT COMPS ANALYSIS
  • 202 S 174th Drive Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 17430 W Yavapai Street Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 17463 W Yavapai Street Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
  • 1533 S 173rd Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.67
    •  
  • 17344 W Lilac Street Goodyear, AZ 5
    • 5 beds 3 baths ∙ 2,610 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,610 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.81
    •  
PROPERTY LISTING DETAILS
Leticia Lozoya
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155333
Last Updated: 11/02/2020
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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