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18489 W Capistrano Avenue Goodyear, AZ 85338

4 Beds 2 Baths 2,424 sqft Built 1998

$369,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $152.60
  • 4 Days on Market
  • MLS # : 6183132
  • Updated Date : 01/22/2021 at 22:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,424 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Welcome to Sunchase at Estrella Mountain. This beautiful 4 bed 2 bath home is just what you have been waiting for. Your new kitchen comes equipped with granite counters, SS appliances, & a built in office. With recently remodeled bathrooms, new base boards, a split floor plan, & plantation shutters throughout, this one is move in ready! Enjoy economical electric bills year round with an efficient dual AC & APS owned solar panels. Schedule your showing today as this one will be gone quick!

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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,285
Property Tax -$277
Property Insurance -$74
HOA -$104
Property Management Fees -$99
CASH FLOW
-$109

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.

$369,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.47%

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,830

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7303$1,8004$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 18489 W Capistrano Avenue Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,424 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,424 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.71
    •  
  • 10241 S 185th Drive Goodyear, AZ 1
    • 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
    •  
  • 18350 W La Mirada Drive Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 10183 S 184th Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,563 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,563 Sqft ∙ Built 1999
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 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
Alexis Sprofera
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183132
Last Updated: 01/22/2021
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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