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14360 W Fairmount Avenue Goodyear, AZ 85395

3 Beds 2 Baths 1,748 sqft Built 2000

$345,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $197.37
  • 1 Days on Market
  • MLS # : 6173268
  • Updated Date : 12/19/2020 at 17:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,748 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Great single level home with 3 bedrooms, den, swimming pool and more. This home is on a corner lot and close to schools. The home has a covered front porch, covered back patio and grass in the front and backyard. Inside, neutral carpeting has recently been installed. The kitchen features granite counters, an island and a pot rack. Need home office or classroom space? The den off the family room with views of the front yard are perfect for this. The home has a split floor plan and the owner's suite has dual sinks, a shower and a walk-in closet. The home has neutral two tone paint, ceiling fans and window blinds throughout. There are sun screens for the west and south facing windows. There is an RV gate with cement slab behind. The garage has built in cabinets and a niche for

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wigwam

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Wigwam

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Litchfield Elementary School Primary Regular 820 37 8
Litchfield Elementary School Middle Regular 820 37 8
Millennium High School High Regular 2,205 94 4

Litchfield Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Litchfield Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,273
Property Tax -$247
Property Insurance -$61
HOA -$44
Property Management Fees -$99
CASH FLOW
-$94

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.

$345,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$14,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,538

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4493$1,4504$1,6005$1,630
$1,630
RENT COMPS ANALYSIS
  • 14360 W Fairmount Avenue Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.93
    •  
  • 3553 N 143rd -- Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2003
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 14588 W Indianola Avenue Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.93
    •  
  • 14196 W Weldon Avenue Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2000
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 14226 W Columbus Avenue Goodyear, AZ 4
    • 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 2001
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Andy Mass
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173268
Last Updated: 12/19/2020
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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