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11932 S 184th Avenue Goodyear, AZ 85338

4 Beds 3 Baths 2,130 sqft Built 2016

$479,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $225.31
  • 3 Days on Market
  • MLS # : 6181065
  • Updated Date : 01/16/2021 at 19:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,130 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Open house on 1/16 from 10am to 1:00pm. Located in gated Golf Community of Estrella with breathtaking mountain views. This single story home has 4 bedrooms with 3 bathrooms. 8 ft doors, upgraded tile, an open concept Kitchen with Gas Stove, Granite, large island w/ Mountain Views, SS appliances & pantry. Master Retreat includes an over-sized walk-in closet directly to the laundry room, separate vanities & extended tiled shower. Scenic, low maintenance backyard is fully landscaped with pavers & artificial grass. 5-Star Energy saving home. RO & Soft Water System, plantation shutters. Too many upgrades to mention. Book a viewing TODAY.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Estrella Mountain Ranch

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
Westar Elementary School Primary Regular 682 35 8
Westar Elementary School Middle Regular 682 35 8
Estrella Foothills High School High Regular 1,037 43 5

Westar Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 35
8
GreatSchools Rating

Westar Elementary School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 35
8
GreatSchools Rating

Estrella Foothills High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 43
5
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,667
Property Tax -$424
Property Insurance -$69
HOA -$57
Property Management Fees -$99
CASH FLOW
-$336

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.

$479,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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-$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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,8954$1,9805$2,000
$2,000
RENT COMPS ANALYSIS
  • 11932 S 184th Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.93
    •  
  • 11474 S 176th Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2018
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 13483 S 186th Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2006
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 13266 S 182nd Avenue Goodyear, AZ 3
    • 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 2006
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 12032 S 184th Avenue Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
PROPERTY LISTING DETAILS
Shu Chuan Malloy
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181065
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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