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18392 W Long Lake Road Goodyear, AZ 85338

5 Beds 3 Baths 2,771 sqft Built 2020

$529,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $190.91
  • 1 Days on Market
  • MLS # : 6185130
  • Updated Date : 01/24/2021 at 01:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,771 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Stunning almost new 2020 home has 5bed/3bath + den is available in the desirable Estrella Mountain Ranch! Great curb appeal, w/ 3 car garage, leads you into the must see interior w/ an open concept floorplan. Tasteful upgrades include beautiful staggered tile flooring, 9' ceilings, 12' tray ceilings in kitchen & master, custom wood accent walls, & plantation shutters. Luxorious kitchen will impress w/ subway tile backsplash, granite countertops, SS appliances, gas cooktop, range hood, ample counterspace, beverage bar, huge center island w/ breakfast bar seating, & oversized pantry. Incredible master suite includes en suite w/ his & her vanities, soaking tub, & separate glass framed shower. The gorgeous backyard is complete with covered paver patio, turf, travertine, & cool misting system!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85338

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k302k

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

Zip Code: 85338

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9681646

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,837
Property Tax -$468
Property Insurance -$81
HOA -$36
Property Management Fees -$99
CASH FLOW
-$251

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$529,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 3.00%
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$1.4M$1.6M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,185

INVESTMENT

$142,185

Down Payment
$132,250
Rehab Estimate
$2,000
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$12,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,224

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0953$2,1504$2,2705$2,350
$2,350
RENT COMPS ANALYSIS
  • 18392 W Long Lake Road Goodyear, AZ 4
    • 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.82
    •  
  • 18330 W Verdin Road Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,635 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,635 Sqft ∙ Built 2006
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 14271 S 181st Drive Goodyear, AZ 2
    • 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, AZ 3
    • 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
    •  
  • 18408 W Mountain Sky Avenue Goodyear, AZ 5
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2020
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Carmella Yeo
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185130
Last Updated: 01/24/2021
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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