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18184 W Raymond Street Goodyear, AZ 85338

4 Beds 3 Baths 2,978 sqft Built 2019

$415,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $139.36
  • 1 Days on Market
  • MLS # : 6191074
  • Updated Date : 02/07/2021 at 01:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,978 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jc Realty

Listing Agent's Description

Gorgeous curb appeal with pavered driveway, front porch and walkway to the front door! Beautiful entry opens to a large dining room! Large den/office right off the entry! Huge kitchen has white shaker cabinets, granite,stainless steel appliances & upgraded single bowl sink and faucet! Kitchen opens to a large great room! Wood look tile throughout! Upstairs you will find a huge loft/game room! Large secondary bedrooms & huge master bedroom with barn door leading into master bath! Master bath has large, upgraded walk-in shower! Quartz counters and square sinks in both baths! Large lot is landscaped to be ''pool ready'' should your buyer want to put in a pool! Synthetic grass in backyard & full length patio has pavers! RV gate and parking! Three car tandem garage! No neighbors behind

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Las Brisas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $94k302k

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

Neighborhood: Las Brisas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9771646

* 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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,441
Property Tax -$311
Property Insurance -$85
HOA -$104
Property Management Fees -$99
CASH FLOW
-$131

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$415,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,315

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,8254$1,9105$1,925
$1,925
RENT COMPS ANALYSIS
  • 18184 W Raymond Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.64
    •  
  • 17251 W Hilton Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.61
    •  
  • 17250 W Watkins Street Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.57
    •  
  • 1533 S 173rd Drive Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.67
    •  
  • 17219 W Hilton Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.71
    •  
PROPERTY LISTING DETAILS
Jean Cutting
Jc Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191074
Last Updated: 02/07/2021
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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