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18389 W Monterosa Street Goodyear, AZ 85395

3 Beds 2 Baths 2,099 sqft Built 2017

$489,500

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $233.21
  • 33 Days on Market
  • MLS # : 6169276
  • Updated Date : 12/24/2020 at 08:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,099 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Incredible Goodyear pool home! NEW heated saltwater Pebbletec pool- OWNED SOLAR with 25 year warranty & monthly power bills as low as $15/month! Great room & split floorplan- 3 large bedrooms with walk-in closets plus a den- Spacious kitchen with quartz countertops, stainless appliances including a gas stove, walk-in pantry & staggered expresso cabinets- 20 inch tile throughout- 2 triple sliders- Custom iron security doors- Washer/Dryer/Refrigerator included- Oil-rubbed bronze hardware- Water softener- Extended 3 car garage with epoxy flooring- Pavered driveway to RV gate with large side yard & pavered pad for parking- Extended covered patio- Premium-sized lot with panoramic mountain views & no neighbors behind!

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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Verrado High School High Regular 1,855 74 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Verrado High School

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

$440,550$538,450$489,500

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,700
Property Tax -$332
Property Insurance -$68
HOA -$99
Property Management Fees -$99
CASH FLOW
-$548

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.

$489,500

PROJECTED PRICE

$1,750

PROJECTED RENT

0.36%

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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,468

INVESTMENT

$135,468

Down Payment
$122,375
Rehab Estimate
$5,750
Closing Costs
$7,343

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,700

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,375
Loan Amount $367,125
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$544

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,695

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7903$1,8004$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 18389 W Monterosa Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18148 W Turney Avenue Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 2013
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.78
    •  
  • 4326 N 186th Lane Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2016
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 18479 W College Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 18234 W Montecito Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2014
    property image
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Marta Baxter
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169276
Last Updated: 12/24/2020
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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