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4113 S 186th Avenue 
Goodyear, AZ
85338
4 Beds 2 Baths 1,734 sqft
Built 2016
INVESTimate
$298,000
List Price
$84,720
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $171.86
- 3 Days on Market
- MLS # : 6122035
- Updated Date : 08/24/2020 at 16:53
CONSTRUCTION
- Beds : 4
- Floor Size : 1,734 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
This 4 bedroom 2 bathroom 2016 move-in ready home features a beautiful open floor plan with upgraded fixtures throughout. The kitchen has a separate formal dining area built in pantry, stainless steel appliances, granite counter tops that oversee the living room. Front patio is gated with pavers and there is a spacious backyard with a covered patio. The master bedroom has a walk in closet and soak in tub. There are ceiling fans and upgraded blinds in every room. Come see for yourself this home will NOT last.
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PRICE & RENT TRENDS
Neighborhood: Central Goodyear
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central Goodyear
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$1,099 |
| Property Tax | -$173 | |
| Property Insurance | -$61 | |
| HOA | -$104 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$146
|
||
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.
$298,000
PROJECTED PRICE
$1,390
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.22% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,720
LOAN DETAILS
$1,099
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,500 |
| Loan Amount | $223,500 |
3.25
YEARS SAVED
$9,122
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,426
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
4113 S 186th Avenue Goodyear, 1
- 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $1,390
- $0.80
-
3739 S 183rd Drive Goodyear, 2
- 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2019
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,550
- $0.79
-
3865 S 183rd Drive Goodyear, 3
- 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2019
![property image]()
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,550
- $0.79
-
17271 W Salome Street Goodyear, 4
- 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2017
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,675
- $0.84
-
4216 S 186th Avenue Goodyear, 5
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2016
![property image]()
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,770
- $0.87
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122035
Last Updated: 08/24/2020
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.
