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18365 W Santa Alberta Lane Goodyear, AZ 85338

3 Beds 2 Baths 2,148 sqft Built 1997

$374,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $174.53
  • 6 Days on Market
  • MLS # : 6155681
  • Updated Date : 11/04/2020 at 13:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,148 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

CUSTOM Premium corner lot home in Goodyear is the one! Desert landscaping, exquisite curb appeal, and 2 car DEEP garage are some positive features to this value. Interior shows all vaulted ceilings and its spacious living areas split floor plan- Tile flooring in traffic areas, cozy fireplace, & Pool can't be left unsaid. Open kitchen is perfect for entertaining; matching appliances, oversized cabinets and island w/breakfast bar make it a true dream. Large master suite has bay window, carpet, and full ensuite with double sinks, soaking tub, step-in shower and walk-in closet. Backyard offers covered patio, built-in BBQ, exterior fireplace, personal putting green, and a refreshing blue pool. Home is priced to sell! Newer ROOF & AC & soft h20 system. Location, Location, Location walk to South-

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Estrella Mountain Ranch

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 Mountain Elementary School Primary Regular 577 29 7
Estrella Mountain Elementary School Middle Regular 577 29 7
Estrella Foothills High School High Regular 1,037 43 5

Estrella Mountain Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 29
7
GreatSchools Rating

Estrella Mountain Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 29
7
GreatSchools Rating

Estrella Foothills High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 43
5
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,383
Property Tax -$323
Property Insurance -$69
HOA -$111
Property Management Fees -$99
CASH FLOW
-$285

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.

$374,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,071

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,708

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,7004$1,7955$2,000
$2,000
RENT COMPS ANALYSIS
  • 18365 W Santa Alberta Lane Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 17757 W Eagle Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 1997
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 10241 S 185th Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 10441 S Santa Fe Lane Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1991
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 11024 S Desert Lake Drive Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1990
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Martin C Sears
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155681
Last Updated: 11/04/2020
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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