Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15546 W Fairmount Avenue Goodyear, AZ 85395

2 Beds 3 Baths 2,466 sqft Built 1997

INVESTimate

$399,000

List Price

$1,970

$1,773 - $2,167

Rent Est.

$418,192  ( +4.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $161.80
  • 7 Days on Market
  • MLS # : 6120111
  • Updated Date : 08/20/2020 at 13:21
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,466 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

LARGE ESTANCIA HOME LOCATED ON 3rd HOLE OF EAGLE'S NEST GOLF COURSE IN THE RESORT STYLE GATED ACTIVE ADULT COMMUNITY OF PEBBLE CREEK, WHICH OFFERS EXCLUSIVE ACTIVITIES, COMMUNITY HEALTH & FITNESS CENTER AND INDOOR & OUTDOOR RESORT STYLE POOLS. THE HOME HAS GREAT ENTERTAINMENT AREAS WITH OUTDOOR BUILT IN BBQ & FIREPLACE ON THE PATIO OVERLOOKING THE GOLF COURSE & PATIO IN FRONT. TILE THROUGHOUT MOST OF THE HOME. MASTER WITH SEPERATE TUB & SHOWER, FINISHED WALK IN CLOSET WITH BUILT-INS AND PLANTATION SHUTTERS. HOUSE INCLUDES CENTRALLY A/C'D & VENTILATED ARTIST'S STUDIO, A TEN FOOT GARAGE EXPANSION WITH A SEPARATE CLIMATE CONTROLLED WORK SHOP, & SIGNIFICANT OVERALL STORAGE. THIS NORTH/SOUTH FACING HOME FEATURES A SEPARATE ENTRANCE GUEST ROOM (CASITA) WITH BATH AND WET BAR.

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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Verrado High School High Regular 1,855 74 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,472
Property Tax -$455
Property Insurance -$75
HOA -$227
Property Management Fees -$99
CASH FLOW
-$358

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.

$399,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.81%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,594

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
  • $2,178

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$1,9504$2,300
$2,300
RENT COMPS ANALYSIS
  • 15546 W Fairmount Avenue Goodyear, 1
    • 2 beds 3 baths ∙ 2,466 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,466 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15479 W Whitton Avenue Goodyear, 2
    • 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1994 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1994
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 3395 N 150th Drive Goodyear, 3
    • 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 2000
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 3326 N 150th Drive Goodyear, 4
    • 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 1999 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 1999
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Matthew Topie
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120111
Last Updated: 08/20/2020
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.

BESbswy