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18119 W Desert Blossom Drive Goodyear, AZ 85338

3 Beds 2 Baths 1,833 sqft Built 2001

$299,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $163.61
  • 4 Days on Market
  • MLS # : 6208908
  • Updated Date : 03/20/2021 at 20:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,833 sqft
  • Baths : 2 full
Listing Agent

Brokers Only, Llc

Listing Agent's Description

Well maintained single level home, new paint outside & in, upgraded Kitchen-Aidappliances. Cathedral ceilings, Hunter ceiling fans throughout, large master bedroom suite. New wood flooring in 2nd & 3rd bedrooms, tile & carpet in the rest of the home. Maytag front load washer & dryer Built in surround sound speakers, prewired for cable in all rooms. Professionally landscaped, automatic sprinkler system front & back,extended patio, prewired for spa/hot tub, built in natural gas grill. Solar screens, central air, GFA heat. Low HOA fees

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunchase at Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Sunchase 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
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,042
Property Tax -$225
Property Insurance -$57
HOA -$107
Property Management Fees -$99
CASH FLOW
$130

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.

$299,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$26,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,490

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4503$1,5954$1,6605$1,695
$1,695
RENT COMPS ANALYSIS
  • 18119 W Desert Blossom Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.07
    •  
  • 10490 S 182nd Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.89
    •  
  • 18373 W Western Star Boulevard Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1999
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 11126 S San Esteban Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 18387 W Mcneil Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1998
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Alayna E Kowaleski
Brokers Only, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208908
Last Updated: 03/20/2021
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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