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12009 S 183rd Drive Goodyear, AZ 85338

4 Beds 3 Baths 1,976 sqft Built 2016

$500,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $253.04
  • 7 Days on Market
  • MLS # : 6191419
  • Updated Date : 02/10/2021 at 20:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,976 sqft
  • Baths : 3 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

Built in 2016, this Goodyear one-story cul-de-sac home offers granite countertops, and a two-car garage. This home is vacant and cleaned regularly.

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
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
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,737
Property Tax -$442
Property Insurance -$66
HOA -$52
Property Management Fees -$99
CASH FLOW
-$315

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.

$500,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.42%

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,317

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
  • $1,867

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8504$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 12009 S 183rd Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10460 S 182nd Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2003
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 12436 S 176th Avenue Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2001
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 11199 S Fiesta Court Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
  • 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
Lisa A Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191419
Last Updated: 02/10/2021
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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