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18112 W Redwood Lane Goodyear, AZ 85338

2 Beds 2 Baths 1,695 sqft Built 2017

INVESTimate

$328,900

List Price

$1,740

$1,566 - $1,914

Rent Est.

$346,825  ( +5.45%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $194.04
  • 6 Days on Market
  • MLS # : 6119061
  • Updated Date : 08/21/2020 at 16:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,695 sqft
  • Baths : 2 full
Listing Agent

Exit Realty-realty Place

Listing Agent's Description

Why wait for the builder, when you can move in to this cute 2 bed+den/2 bath home in CantaMia Active Adult Community in Estrella! Open living area w/upgraded kitchen. Stainless steel appliance, granite counter, kitchen island, breakfast bar. Tile flooring in all the right places. Lovely over-sized master suite w/ bay windows w/spa-like master bath features dual sinks, walk-in shower (grab bars for safety)and large walk-in closet. Perfect-sized guest bedroom & bath plus private den/office. Large landscaped lot that is big enough for family and friends to visit. CantaMia offers many amenities for your needs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cantamia at Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $95k358k

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

Neighborhood: Cantamia at Estrella

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
 

$296,010$361,790$328,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,214
Property Tax -$291
Property Insurance -$60
HOA -$250
Property Management Fees -$99
CASH FLOW
-$173

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.

$328,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.45%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,909

INVESTMENT

$92,909

Down Payment
$82,225
Rehab Estimate
$5,750
Closing Costs
$4,934

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,225
Loan Amount $246,675
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,949

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
  • $1,848

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,495
$1,495
RENT COMPS ANALYSIS
  • 18112 W Redwood Lane Goodyear, 1
    • 2 beds 2 baths ∙ 1,695 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,695 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17950 W Cedarwood Lane Goodyear, 2
    • 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2017
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
PROPERTY LISTING DETAILS
Deanna S Weaver
Exit Realty-realty Place
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119061
Last Updated: 08/21/2020
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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