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12008 S 183rd Drive Goodyear, AZ 85338

3 Beds 2 Baths 2,092 sqft Built 2016

$355,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $169.69
  • 2 Days on Market
  • MLS # : 6161328
  • Updated Date : 11/21/2020 at 09:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,092 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Looking for an affordable energy efficient home in a gated golf course community with view fencing and a 3-car (tandem) garage? Welcoming front porch to the extended pergola patio, this home has low maintenance exteriors. Step into an all time home with grand entry, great room floor plan with island kitchen that includes granite counter tops, walk-in pantry, breakfast bar, and large dining area. Separate and Private Master Suite at exterior. Two bedrooms have private Jack and Jill bath. Separate guest 1/2 bath.PHOTOS WILL BE ON MONDAY.

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,310
Property Tax -$314
Property Insurance -$68
HOA -$57
Property Management Fees -$99
CASH FLOW
-$157

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.

$355,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.48%

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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,872

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,6953$1,6954$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 12008 S 183rd Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.81
    •  
  • 11474 S 176th Drive Goodyear, AZ 2
    • 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 3
    • 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 4
    • 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
Nanci Budge
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161328
Last Updated: 11/21/2020
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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