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18615 W Pioneer Street Goodyear, AZ 85338

4 Beds 3 Baths 2,478 sqft Built 2014

$359,835

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $145.21
  • 2 Days on Market
  • MLS # : 6173124
  • Updated Date : 12/19/2020 at 11:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,478 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

This 4 bedroom, 3 bath home has a great open floor plan that everyone is looking for! It has a split floor plan with 10' Ceilings with 8 ft. doors through out, This home features an impeccable gourmet kitchen with granite counter tops, stainless steel appliances and is full of upgrades. Partial view fence back yard that backs to a 10-acre park. Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Las Brisas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $94k302k

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

Neighborhood: Las Brisas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9771646

* 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
Liberty Elementary School Primary Regular 571 33 5
Liberty Elementary School Middle Regular 571 33 5
Estrella Foothills High School High Regular 1,037 43 5

Liberty Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 33
5
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 33
5
GreatSchools Rating

Estrella Foothills High School

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

$323,852$395,819$359,835

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,328
Property Tax -$213
Property Insurance -$75
HOA -$112
Property Management Fees -$99
CASH FLOW
$123

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$359,835

PROJECTED PRICE

$1,950

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,106

INVESTMENT

$101,106

Down Payment
$89,959
Rehab Estimate
$5,750
Closing Costs
$5,398

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% 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 $89,959
Loan Amount $269,876
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$38,300

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7004$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 18615 W Pioneer Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 17463 W Yavapai Street Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2003
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 1648 S 174th Lane #go Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2003
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
  • 17778 W Hadley Street Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,176 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,176 Sqft ∙ Built 2016
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 1676 S 174th Lane Goodyear, AZ 4
    • 4 beds 2 baths ∙ 2,341 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,341 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
PROPERTY LISTING DETAILS
Stephanie Hillebrand
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173124
Last Updated: 12/19/2020
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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