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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

$1,390

$1,251 - $1,529

Rent Est.

$316,536  ( +6.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $96k302k

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

Neighborhood: Central Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10181646

* 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
 

$268,200$327,800$298,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$84,720

INVESTMENT

$84,720

Down Payment
$74,500
Rehab Estimate
$5,750
Closing Costs
$4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,500
Loan Amount $223,500
See What Happens When You Reinvest Cash Flow

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
$1,390
1$1,3902$1,5503$1,5504$1,6755$1,770
$1,770
RENT COMPS ANALYSIS
  • 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
Ivanna S Ayon
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122035
Last Updated: 08/24/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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