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

18430 W Verbena Drive Goodyear, AZ 85338

4 Beds 4 Baths 3,130 sqft Built 2016

$495,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $158.15
  • 4 Days on Market
  • MLS # : 6189629
  • Updated Date : 02/05/2021 at 20:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,130 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

RARE OPPORTUNITY! 2016 HOME WITH ATTACHED CASITA SITS ON OVER 1/4 ACRE LOT ON A CORNER CUL-DE-SAC! This great home has 3130 sq. ft., 3 bedrooms, 2.5 baths with 4th bedroom & 3rd bath in the $50,000 designer 296sf CASITA with den/office & kitchenette for a total of 4 bedrooms & 3.5 baths! Open floor plan, 3-panel slider & 2-panel slider in spacious great room. Attractive kitchen design with island/breakfast bar, quality light fixtures, Jack n' Jill bedrooms w/full bath nestled in-between. Master features two walk-in closets & private door to patio & designer bath with tiled walk-in shower. Covered patio to backyard that's a blank canvas ready for your personal design! Located in the beautiful golf & lake community of Estrella Mountain Ranch where the sunsets and mountain views are extra perks

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 Foothills High School High Regular 1,037 43 5

Estrella Foothills High School

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

$445,500$544,500$495,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,719
Property Tax -$438
Property Insurance -$88
HOA -$36
Property Management Fees -$99
CASH FLOW
$0

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.

$495,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.48%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$25,819

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,567

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,3503$2,3804$2,400
$2,400
RENT COMPS ANALYSIS
  • 18430 W Verbena Drive Goodyear, AZ 3
    • 4 beds 4 baths ∙ 3,130 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,130 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.76
    •  
  • 18129 W Juniper Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.77
    •  
  • 18408 W Mountain Sky Avenue Goodyear, AZ 2
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2020
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
  • 17953 W Willow Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
PROPERTY LISTING DETAILS
Marian Nelson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189629
Last Updated: 02/05/2021
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.

BESbswy