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18509 W Devonshire Avenue Goodyear, AZ 85395

3 Beds 3 Baths 2,322 sqft Built 2016

$510,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $219.64
  • 3 Days on Market
  • MLS # : 6190261
  • Updated Date : 02/12/2021 at 18:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,322 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome home! This sought -after north/south facing Broadmoor plan features a 3-bedroom, 2.5-bathroom split floor plan, generously sized great room (perfect for entertaining!) and a large, multiple use Teen/Flex room with walk-in closet. Enjoy your beautifully designed Chef-inspired kitchen with walk-in pantry, upgraded 42-inch staggered cabinets, crown molding, stunning granite countertops and a huge island that overlooks the great room. The Broadmoor plan features a sliding glass door at kitchen nook and 12-foot double slider at great room, which opens up to your extended paver patio bringing the outdoors in for extended enjoyment of your living space. The backyard consists of a brand new professionally landscaped design with artificial grass, pergola, propane firepit, and

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
 

$459,000$561,000$510,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,771
Property Tax -$346
Property Insurance -$72
HOA -$110
Property Management Fees -$99
CASH FLOW
-$479

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.

$510,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,855

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
  • $1,852

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7903$1,8004$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 18509 W Devonshire Avenue Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,322 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,322 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18148 W Turney Avenue Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 2013
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.78
    •  
  • 4326 N 186th Lane Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2016
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 18479 W College Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 18222 W Montecito Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2014
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jason Jones
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190261
Last Updated: 02/12/2021
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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