Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13317 S 183rd Avenue Goodyear, AZ 85338

4 Beds 2 Baths 2,389 sqft Built 2008

$650,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $272.08
  • 1 Days on Market
  • MLS # : 6250275
  • Updated Date : 07/13/2021 at 07:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,389 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Wait until you see the professional pictures of the totally remodeled and updated home with top quality designer touches throughout. One of the best GOLF COURSE lots you'll find. Refreshing pool, large covered patio and firepit maximize the spacious backyard. Three full size garages for all your toys or extra storage. Master Suite is in private wing of home with door to covered back patio. Entertainer delight with remodeled and updated kitchen opening to great room with new fireplace.

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
 

$585,000$715,000$650,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$2,258
Property Tax -$575
Property Insurance -$74
HOA -$36
Property Management Fees -$99
CASH FLOW
-$821

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.

$650,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.34%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$161

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
  • $2,389

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1203$2,3954$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 13317 S 183rd Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,389 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,389 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17841 W Buckhorn Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2003
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.96
    •  
  • 17777 W Cassia Way Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2020
    property image
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.96
    •  
  • 18214 W Sequoia Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,233 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,233 Sqft ∙ Built 2014
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.10
    •  
  • 13428 S 185th Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2006
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Lori L Rust
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6250275
Last Updated: 07/13/2021
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.

BESbswy