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

13344 S 186th Avenue Goodyear, AZ 85338

4 Beds 3 Baths 2,336 sqft Built 2007

$360,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $154.11
  • 5 Days on Market
  • MLS # : 6154076
  • Updated Date : 10/31/2020 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,336 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

RESORT LIVING AT ESTRELLA MOUNTAIN RANCH! This gorgeous home has been meticulously maintained by Original Owners. Spacious 4 bedroom, 2.5 bath with upgrades galore! Soaring Ceiling with dramatic Rock Fireplace catch your eye as you enter the very open floorplan. Beautiful kitchen with large island, granite counter including full granite backsplash, Cherry Cabinets with crown molding and glass insets. Upstairs you will enjoy your master retreat with double sinks, separate tub and shower and walk in closet. Spacious 3 additional bedrooms plus Loft! Step outside to a Lush but Easy Care yard. This was the Owners Pride and Joy and it shows! Newer Artificial Turf, Brick Pavers, Raised Beds and Wonderful array of Trees. Mountain Views, Pools, Club House, and So Much More. WELCOME HOME!

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,328
Property Tax -$318
Property Insurance -$73
HOA -$37
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.

$360,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.50%

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$0.0$5.0k$10k$15k

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$17,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7903$1,8954$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 13344 S 186th Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.77
    •  
  • 17841 W Buckhorn Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2003
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 18368 W Thunderhill Place Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2017
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 13464 S 186th Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 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
Ronald Bussing
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154076
Last Updated: 10/31/2020
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.

BESbswy