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

18468 W Sunrise Drive Goodyear, AZ 85338

4 Beds 2 Baths 2,173 sqft Built 1999

$360,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $165.67
  • 3 Days on Market
  • MLS # : 6157209
  • Updated Date : 11/07/2020 at 10:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,173 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

*Beautiful Move-In-Ready* 4 Bedroom* 2 Bathroom* Tile Through Out* Gas Fire Place* Stainless Steel Appliances* Washer & Dryer Convey* Covered Patio with BBQ Island* Retractable Electric Awning for Additional Shade* Sliding Pool Gate* Heated Pebble Tec Pool & Spa* Hot Water Heater Replaced 2019* All Located in the Planned Community of Estrella Mountain Ranch* Your HOA Fee Includes 2 Residence Clubs w/ Community Pools, Workout Facilities, Boat Rentals at Yacht Club, Hiking & Biking Trails* And Much More*

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 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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,328
Property Tax -$270
Property Insurance -$66
HOA -$35
Property Management Fees -$99
CASH FLOW
-$177

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.

$360,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.45%

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$10,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,667

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,4954$1,5255$1,620
$1,620
RENT COMPS ANALYSIS
  • 18468 W Sunrise Drive Goodyear, AZ 5
    • 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.82
    •  
  • 18373 W Western Star Boulevard Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1999
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 11101 S Hopi Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1999
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.80
    •  
  • 9348 S 184th Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2002
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 18374 W La Mirada Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2004
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jeffery Simpson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157209
Last Updated: 11/07/2020
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.

BESbswy