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
18282 W Raven Road 
Goodyear, AZ
85338
5 Beds 3 Baths 2,776 sqft
Built 2017
INVESTimate
$399,000
List Price
$111,485
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $143.73
- 3 Days on Market
- MLS # : 6121816
- Updated Date : 08/24/2020 at 10:25
CONSTRUCTION
- Beds : 5
- Floor Size : 2,776 sqft
- Baths : 3 full
Listing Agent
Brokers Only, Llc
Listing Agent's Description
The spacious open floor plan is perfect for gathering with friends & family! The gorgeous eat-in kitchen has an abundance of espresso cabinets, granite counters, tile backsplash, island w/breakfast bar, gas cooktop with canopy hood, wall mount oven & microwave and a large walk-in pantry. The large master has a full bath that includes a double sink granite vanity, raised soaking tub, tiled seamless glass shower, private toilet room and walk-in closet. Backyard has a brick paved patio. Additional drip lines have been added to sections of the back wall and flower beds. The home has a built-in Taexx pest control system. Estrella Mountain Ranch Community offers resort style living - golf course, lakes, community pools, water park & playgrounds, workout facility and so much more!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Estrella Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estrella Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$353 | |
| Property Insurance | -$81 | |
| HOA | -$111 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$136
|
||
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.
$399,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.25% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
3.42
YEARS SAVED
$13,538
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,186
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
18282 W Raven Road Goodyear, 3
- 5 beds 3 baths ∙ 2,776 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,776 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,980
- $0.71
-
15225 S 182nd Lane Goodyear, 1
- 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2018
LEASED 05/25/19- Rent
- Rent Per SQFT
- $1,850
- $0.75
-
18116 W Thunderhill Place Goodyear, 2
- 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2013
LEASED 03/01/19- Rent
- Rent Per SQFT
- $1,899
- $0.75
-
14271 S 181st Drive Goodyear, 4
- 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2013
LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,095
- $0.78
-
15244 S 183rd Avenue Goodyear, 5
- 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2017
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,150
- $0.87
PROPERTY LISTING DETAILS
Brokers Only, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121816
Last Updated: 08/24/2020
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.
