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18216 W Glenrosa Avenue Goodyear, AZ 85395

4 Beds 3 Baths 2,601 sqft Built 2014

$435,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $167.24
  • 2 Days on Market
  • MLS # : 6187581
  • Updated Date : 01/30/2021 at 21:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,601 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Wonderful energy efficient Meritage home, with oversized lot~RV gate~RV/Boats/Toy Hauler allowed~single gate on other side~4 bedroom split with 3 full bathrooms~220 volt in laundry room for second refrigerator~3 car tandem garage with overhead storage~kitchen has large island~stainless steel appliances~double oven~two pantry's~staggered cabinets~formal dining room~custom paint~beautiful wood look tile flooring~10ft flat ceilings~office niche~dishwasher, microwave and garbage disposal were replaced in 2019~SOLAR is leased (see documents)~covered patio with pavers~driveway pavers~close to freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sedella

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k418k

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

Neighborhood: Sedella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452300

* 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
Verrado Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,511
Property Tax -$295
Property Insurance -$78
HOA -$110
Property Management Fees -$99
CASH FLOW
$107

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.

$435,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$32,124

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,211

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,1004$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 18216 W Glenrosa Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
  • 18479 W College Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 18222 W Montecito Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2014
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 18149 W Turney Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2013
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 18556 W Glenrosa Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2015
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.92
    •  
PROPERTY LISTING DETAILS
Carol J. Lefever
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187581
Last Updated: 01/30/2021
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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