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18649 W Raymond Street Goodyear, AZ 85338

4 Beds 3 Baths 1,971 sqft Built 2012

$435,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $220.70
  • 1 Days on Market
  • MLS # : 6262740
  • Updated Date : 07/13/2021 at 14:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,971 sqft
  • Baths : 3 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

You will love this charming 1-story family home that boasts its own backyard orchard of clementine, apple, and peach trees! This 4-bed, 3 full-bath home has a 3-car tandem garage and is the perfect setting for relaxing or entertaining! Beautiful slated tile and tile wood-like flooring flow throughout the home providing a country/modern vibe and inviting floor plan. New interior paint t/o. New light fixtures interior & exterior. Enjoy gatherings in the open and generously spaced living and dining area or prepare quiet dinners in the quaint, updated kitchen that includes stainless steel appliances, new granite countertops, new undercount granite sink, & new lighting t/o home. The master is complete with double sinks, a spacious walk-in closet and ensuite. Charming best describes this home!

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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
Estrella Foothills High School High Regular 1,037 43 5

Estrella Foothills High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,511
Property Tax -$252
Property Insurance -$66
HOA -$112
Property Management Fees -$99
CASH FLOW
-$339

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.

$435,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.39%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,187

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
  • $1,853

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6453$1,7504$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 18649 W Raymond Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18652 W Fulton Street Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.95
    •  
  • 3865 S 183rd Drive Goodyear, AZ 3
    • 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2019
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 18172 W Vista Norte Street Goodyear, AZ 4
    • 5 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 4019 S 181st Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2018
    LEASED 07/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
PROPERTY LISTING DETAILS
Denise Roit
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6262740
Last Updated: 07/13/2021
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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