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337 S 172nd Drive Goodyear, AZ 85338

4 Beds 3 Baths 2,445 sqft Built 2007

$380,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $155.42
  • 2 Days on Market
  • MLS # : 6159107
  • Updated Date : 11/13/2020 at 21:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,445 sqft
  • Baths : 3 full
Listing Agent

Jc Realty

Listing Agent's Description

DESIRABLE FLOOR PLAN! ORIGINAL OWNER!! GREAT LOCATION!! UPGRADES! This Oasis at Canyon Trails home is perfectly situated on a quiet cul-de-sac close to the community park. This home has it all...split floorpan, HUGE master suite w/extra room for an office, sitting room or nursery, 3 full baths, custom landscaped yard with new winter sod laid 11/9/2020, RV gate, grant countertops, Energy efficient appliances, Tankless water heater, Pre-wired alarm system, no rear neighbors and a CASITA with separate entrance. Community amenities including a pool, fitness center, parks. Only 3 minute drive to 303 & I-10, close to shopping... This house has it all including ALL NEW INTERIOR PAINT completed 11/11/2020.Washer/Dryer/Refrigerator do not convey.OPEN HOUSE Saturday 11/14/2020 from 11

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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,402
Property Tax -$253
Property Insurance -$75
HOA -$85
Property Management Fees -$99
CASH FLOW
-$204

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.

$380,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.45%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$10,388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,919

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,9004$1,9255$2,125
$2,125
RENT COMPS ANALYSIS
  • 337 S 172nd Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17341 W Papago Street Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2001
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
  • 1676 S 174th Lane Goodyear, AZ 3
    • 4 beds 2 baths ∙ 2,341 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,341 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 17669 W Lincoln Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,337 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,337 Sqft ∙ Built 2008
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.82
    •  
  • 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
Celeste Mcivor
Jc Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159107
Last Updated: 11/13/2020
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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