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16134 W Edgemont Avenue Goodyear, AZ 85395

2 Beds 2 Baths 2,260 sqft Built 2002

$514,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $227.83
  • 5 Days on Market
  • MLS # : 6156045
  • Updated Date : 11/04/2020 at 13:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,260 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

CORNER LOT WITH NO NEIGHBORS ON EITHER SIDE OF YOU AND THIS PROPERTY BACKS TO THE NUMBER 10 TEE BOX. THE REC CENTER IS ACROSS THE STREET. THE 2 CAR GARAGE IS EXTENDED AND A 14x16 GOLF CART GARAGE WAS BUILT IN 2017 OR IT CAN BE A GREAT WORK SHOP. GAS COOKTOP AND GRANITE COUNTERTOPS IN KITCHEN AND BATH ROOMS PLUS THE MASTER HAS A WALK IN SHOWER.. EXTENDED PATIO W/PERGOLA, GREAT AREA FOR ENTERTAINING,TWO WATER FALL FEATURES, PLUS A BUILT IN BBQ AND REFRIGERATOR.

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
 

$463,410$566,390$514,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,900
Property Tax -$517
Property Insurance -$71
HOA -$38
Property Management Fees -$99
CASH FLOW
-$565

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.

$514,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.40%

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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,199

INVESTMENT

$142,199

Down Payment
$128,725
Rehab Estimate
$5,750
Closing Costs
$7,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,725
Loan Amount $386,175
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,074

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
  • $2,215

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,500
$2,500
RENT COMPS ANALYSIS
  • 16134 W Edgemont Avenue Goodyear, AZ 1
    • 2 beds 2 baths ∙ 2,260 Sqft ∙ Built 2002 2 beds 2 baths ∙ 2,260 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15384 W Piccadilly Road Goodyear, AZ 2
    • 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1996
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
  • 3326 N 150th Drive Goodyear, AZ 3
    • 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
    •  
  • 3027 N 164th Avenue Goodyear, AZ 4
    • 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Rodney Rudolph
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156045
Last Updated: 11/04/2020
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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