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18651 W Lupine Avenue Goodyear, AZ 85338

3 Beds 2 Baths 1,571 sqft Built 2012

$299,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $190.32
  • 3 Days on Market
  • MLS # : 6184618
  • Updated Date : 01/23/2021 at 20:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,571 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Immaculate Goodyear home with great curb appeal available in Highly desirable Las Brisas. 3 bedroom, 2 bathrooms with a spacious great room floor plan and tasteful finishes from wall to wall. Soaring vaulted ceilings, custom two tone paint, and gleaming tile flooring in all of the right places. Stylish granite kitchen boasts ss appliances, custom cabinetry and an island w/ breakfast bar. Master retreat includes a large walk in closet and a full ensuite. You will FALL IN LOVE with the outdoor space. Incredible backyard features a partially covered paver patio, a firepit with conversation area, a built in BBQ area with island bar seating, and a putting green. Its a great spot to host a bbq. All conveniently located near the I-10, schools, and parks. This one has it all. Hurry that Offer!

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,039
Property Tax -$173
Property Insurance -$58
HOA -$104
Property Management Fees -$99
CASH FLOW
-$32

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.

$299,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,478

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
  • $1,536

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6454$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 18651 W Lupine Avenue Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17676 W Desert Bloom Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2008
    property image
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
  • 18652 W Fulton Street Goodyear, AZ 3
    • 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.95
    •  
  • 3027 S 173 Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2019
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 18583 W Illini Street Goodyear, AZ 5
    • 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ashley M. Westwood
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184618
Last Updated: 01/23/2021
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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