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18470 W Devonshire Avenue Goodyear, AZ 85395

5 Beds 3 Baths 3,110 sqft Built 2017

$554,900

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $178.42
  • 3 Days on Market
  • MLS # : 6187405
  • Updated Date : 01/31/2021 at 02:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,110 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Absolutely magnificent 2017 Meritage home with all the upgrades! Features porcelain tile flooring throughout this bright and beautiful open floor plan design. A stunning upgraded gourmet kitchen with custom maple cabinets and pullout shelves! All stainless steel KitchenAid appliances including a 5-burner gas cooktop, pristine wall-mounted glass canopy hood, and double wall convection oven. The living room and back patio include built-in surround sound speakers. Stylish backyard with a beautiful pool and custom paver design. The lavish master bath features a floor to ceiling custom glass shower fit for royalty and an upgraded $4k custom walk in closet. Soft water loop and a wall of custom cabinets built into the 3 car tandem garage. Come see this magnificent home in all of it's brilliance!

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
Verrado Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

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

$499,410$610,390$554,900

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,927
Property Tax -$376
Property Insurance -$88
HOA -$110
Property Management Fees -$99
CASH FLOW
-$161

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.

$554,900

PROJECTED PRICE

$2,440

PROJECTED RENT

0.44%

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$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$152,799

INVESTMENT

$152,799

Down Payment
$138,725
Rehab Estimate
$5,750
Closing Costs
$8,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,927

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $138,725
Loan Amount $416,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$17,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,395

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,2003$2,4404$2,600
$2,600
RENT COMPS ANALYSIS
  • 18470 W Devonshire Avenue Goodyear, AZ 3
    • 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.78
    •  
  • 3616 N Brindley Avenue Litchfield Park, AZ 1
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 19320 W Oregon Avenue Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 19340 W Pasadena Avenue Litchfield Park, AZ 4
    • 4 beds 4 baths ∙ 3,072 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,072 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Andrew Piane
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187405
Last Updated: 01/31/2021
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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