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18652 W Larkspur Drive Goodyear, AZ 85338

3 Beds 2 Baths 1,734 sqft Built 2012

$385,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $222.03
  • 1 Days on Market
  • MLS # : 6263712
  • Updated Date : 07/13/2021 at 15:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,734 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Look no further! You've found the perfect home you longed for! Located in Goodyear, this 3 bed, 2 bath property boasts a beautiful facade with low maintenance landscaping and 2 car garage. Inside you find a large dining and living area, with neutral paint throughout and a gorgeous kitchen equipped with new cabinetry, a pantry, ample counter space, tile backsplash, new appliances, pendant lighting, and a lovely laundry room. You'll love the charming master bedroom, with its spacious walk-in closet and private bath featuring double sinks. Finally, the backyard with its cozy covered patio, has tons of potential for customizing it any way you can imagine! What more are you waiting for? Schedule a 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
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,337
Property Tax -$223
Property Insurance -$61
HOA -$112
Property Management Fees -$99
CASH FLOW
-$342

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.

$385,000

PROJECTED PRICE

$1,490

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,6453$1,7504$1,7705$1,795
$1,795
RENT COMPS ANALYSIS
  • 18652 W Larkspur Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.86
    •  
  • 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
    •  
  • 4216 S 186th Avenue Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2016
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.87
    •  
  • 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
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ashley C Sanchez Ochoa
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263712
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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