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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $211.20
- 4 Days on Market
- MLS # : 6183947
- Updated Date : 01/22/2021 at 00:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,965 sqft
- Baths : 2 full
Listing Agent
A.z. & Associates
Listing Agent's Description
Beautiful, open-concept home in the modern, desert living community of Lucero Village of Estrella. Spacious kitchen with shaker-style white cabinets and quartz counter tops. Enjoy the mountain views from the front yard. Walk through your 16' sliding glass doors to the covered back patio opening up to the spacious backyard with artificial turf for entertaining your guests. Estrella is a mixed-use, master-planned community connected by wild desert trails and lakes that you can enjoy with your family and friends.
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PRICE & RENT TRENDS
Neighborhood: South Goodyear
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Goodyear
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$367 | |
| Property Insurance | -$66 | |
| HOA | -$111 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$294
|
||
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.
$415,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
1.58
YEARS SAVED
$3,688
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
-
$1,788
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
8354 S 164th Drive Goodyear, AZ 1
- 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $0
- $0.00
-
17508 W Summit Drive Goodyear, AZ 2
- 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2018
LEASED 11/18/19- Rent
- Rent Per SQFT
- $1,595
- $0.93
-
10287 S 175th Avenue Goodyear, AZ 3
- 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2000
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
PROPERTY LISTING DETAILS
A.z. & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183947
Last Updated: 01/22/2021
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.
