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10490 S 182nd Drive Goodyear, AZ 85338

3 Beds 2 Baths 1,548 sqft Built 2003

$329,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $213.11
  • 1 Days on Market
  • MLS # : 6210202
  • Updated Date : 03/21/2021 at 00:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full
Listing Agent

Forest Properties Inc

Listing Agent's Description

Welcome Home! This Cul-de-Sac house sits on a Large, Easy-Care Lot with beautiful views ! The sprawling South Lake Community Park is within short steps and has walking paths, a playground, tennis and basketball courts, and more ! Elementary School is just a one block away, making this a fantastic family location ! Fresh interior paint and carpets were installed April 2020. Includes 3 Bedroom, 2 Bath, Split Floor Plan, Formal Living Area, and Open Family Room to Dining and Kitchen. The Master Bathroom contains a Separate Tub and Shower. This family community also features great hiking paths into the Foothills and a one-minute drive to Community Pools, Fitness Center, Boat Rentals, and Shopping Center. Very Desirable location in Estrella Mountain Ranch !!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunchase at Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Sunchase 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,146
Property Tax -$247
Property Insurance -$57
HOA -$36
Property Management Fees -$99
CASH FLOW
-$65

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.

$329,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,877

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
  • $1,513

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5004$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 10490 S 182nd Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18373 W Western Star Boulevard Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1999
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 9328 S 184th Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2004
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 11126 S San Esteban Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 18387 W Mcneil Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1998
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Michael Amore
Forest Properties Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210202
Last Updated: 03/21/2021
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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