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18552 W Chuckwalla Canyon Road Goodyear, AZ 85338

4 Beds 3 Baths 2,313 sqft Built 2019

INVESTimate

$450,000

List Price

$1,980

$1,782 - $2,178

Rent Est.

$480,105  ( +6.69%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $194.55
  • 6 Days on Market
  • MLS # : 6120849
  • Updated Date : 08/24/2020 at 22:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,313 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Have you always wanted a new home but hated the thought of putting in the back yard? Have you always wanted a beautiful pool and spa, built in BBQ, putting green and gorgeous views of the Estrella mountains and no homes behind you? If the answer is a resounding yes, then I have the home for you! This gently lived in home is only 1 year old with beautiful tile floors, elegant kitchen, split floor plan and so much more you will just fall in love with it. But wait! There's more! There is $67,000 worth of upgrades in the back yard! Enjoy relaxing and entertaining in your custom built pool, spa and BBQ while you enjoy the mountain views. Need a little practice in your golf game? You don't have to leave your back yard as you have your very own putting green. Best of all, there is room

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: South Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9641981

* 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
Rainbow Valley Elementary School Primary Regular 644 33 4
Rainbow Valley Elementary School Middle Regular 644 33 4
Estrella Foothills High School High Regular 1,037 43 5

Rainbow Valley Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 33
4
GreatSchools Rating

Rainbow Valley Elementary School

  • Education Level: Middle
  • # of students: 644
  • # of teachers: 33
4
GreatSchools Rating

Estrella Foothills High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 43
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,660
Property Tax -$398
Property Insurance -$72
HOA -$111
Property Management Fees -$99
CASH FLOW
-$360

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.69%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,250

INVESTMENT

$121,250

Down Payment
$112,500
Rehab Estimate
$2,000
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,949

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,8953$1,9804$2,1505$2,150
$2,150
RENT COMPS ANALYSIS
  • 18552 W Chuckwalla Canyon Road Goodyear, 3
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.86
    •  
  • 18267 W Thunderhill Place Goodyear, 1
    • 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2018
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.89
    •  
  • 18368 W Thunderhill Place Goodyear, 2
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2017
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 18271 W Desert Trumpet Road Goodyear, 4
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2013
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 15244 S 183rd Avenue Goodyear, 5
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2017
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
PROPERTY LISTING DETAILS
Susan D Lutz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120849
Last Updated: 08/24/2020
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.

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