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15093 W Vale Drive Goodyear, AZ 85395

2 Beds 2 Baths 1,641 sqft Built 1995

$345,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $210.24
  • 2 Days on Market
  • MLS # : 6187522
  • Updated Date : 01/30/2021 at 05:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,641 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Recently Updated and ready for you to move-in and enjoy! All updates were done less than one year ago. Floor plan modified to create a spacious great room open to the kitchen. Kitchen features granite counters, tile back splash, large island, and new stainless-steel appliances (2020) including gas range. Stylish wood look plank tile throughout (no carpet!) Master bath reconfigured; new entrance at master bedroom with a door, includes dual vanities, granite counters, and custom walk-in shower. Guest bathroom updated with granite vanity counter, under mount sink, mirror, & lighting. Laundry room updated with granite counter, tile backsplash, and new (2020) washer & dryer that stay with the home. Located in PebbleCreek, a gated resort style community with world class amenities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k405k

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

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Millennium High School High Regular 2,205 94 4

Millennium High School

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

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

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,198
Property Tax -$335
Property Insurance -$59
HOA -$38
Property Management Fees -$99
CASH FLOW
-$240

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

$1,490

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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

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

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,414

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
  • $0.91

    LIST RENT PER SQFT
  • $1,596

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4904$1,6005$1,800
$1,800
RENT COMPS ANALYSIS
  • 15093 W Vale Drive Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.91
    •  
  • 14314 W Cora Lane Goodyear, AZ 1
    • 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2001
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 3329 N 142nd Drive Goodyear, AZ 2
    • 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2002
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 15202 W Vale Drive Goodyear, AZ 4
    • 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 3048 N 152nd Drive Goodyear, AZ 5
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Candise Klackle
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187522
Last Updated: 01/30/2021
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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