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18462 W Western Star Boulevard Goodyear, AZ 85338

3 Beds 2 Baths 2,183 sqft Built 1999

$369,500

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $169.26
  • 2 Days on Market
  • MLS # : 6187890
  • Updated Date : 01/30/2021 at 22:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,183 sqft
  • Baths : 2 full
Listing Agent

Rhp Real Estate

Listing Agent's Description

Beautifully well-maintained and updated home in desirable Estrella Mountain Ranch. This light and bright 3 bedroom plus den home features travertine floors and carpet throughout. As you enter the home, large windows in the living room and dining room offer views of the well landscaped backyard. The home has a split floorplan and an open but private office. The roof was replaced less than one year ago and has a 30 year warranty. Estrella has an abundance of community amenities: golf, tennis, lakes, clubhouse, workout facilities, walking paths and incredible mountain views! Furnishings and 2014 BMW are also for sale!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunchase at Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Sunchase at Estrella

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
 

$332,550$406,450$369,500

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,283
Property Tax -$277
Property Insurance -$70
HOA -$35
Property Management Fees -$99
CASH FLOW
-$154

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.

$369,500

PROJECTED PRICE

$1,610

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$103,668

INVESTMENT

$103,668

Down Payment
$92,375
Rehab Estimate
$5,750
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,283

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,262

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
  • $1,757

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7954$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 18462 W Western Star Boulevard Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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 3
    • 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
    •  
  • 10133 S 186th Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,183 Sqft ∙ Built 2002
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 18359 W Sweet Acacia Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,447 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,447 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
PROPERTY LISTING DETAILS
Beth Cannon
Rhp Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187890
Last Updated: 01/30/2021
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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