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4018 E Goldfinch Gate Lane Phoenix, AZ 85044

4 Beds 3 Baths 2,204 sqft Built 1988

$459,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $208.26
  • 6 Days on Market
  • MLS # : 6185678
  • Updated Date : 01/28/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,204 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Just Remodeled Ahwatukee 4 Bedroom, 2.5 Bath Home with 3 Car Garage and Community Pool in Quiet Cul-de-sac. Gourmet Kitchen with High Ceilings, Quartz Countertops, Stainless Steel Appliances, Refaced Shaker Cabinets, Custom Tile Backsplash, Breakfast Nook and New Plank Tile Floor. Kitchen leads out to Large Great Room with Fireplace, New Tile Floor, Crown Molding, Plenty of Windows and French Doors that Lead out to Large Covered Patio and Outdoor Fireplace. Master Bedroom has Vaulted Ceiling, South Mountain Views, Large Walk-in Closet and New Carpet the Master Bath has Dual Floating Cabinets, Dual Sinks, Custom Soaking Tub, Custom Tile Shower. New Tile, New Lighting and Plumbing Fixtures, New Fans, New Blinds, New interior Paint, New Tile and New Carpet Throughout the House.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene De La Colina School Primary Regular 535 30 7
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Colina School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
7
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,594
Property Tax -$327
Property Insurance -$70
HOA -$4
Property Management Fees -$99
CASH FLOW
-$74

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$459,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$15k

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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,685

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
  • $2,160

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,0004$2,1955$2,299
$2,299
RENT COMPS ANALYSIS
  • 4018 E Goldfinch Gate Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12813 S 45th Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1992
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 13216 S 40th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 13402 S 38th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1988
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.00
    •  
  • 3937 E Keresan Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1987
    property image
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.07
    •  
PROPERTY LISTING DETAILS
Stewart White
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185678
Last Updated: 01/28/2021
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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