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1126 E Wagoner Road Phoenix, AZ 85022

2 Beds 2 Baths 1,214 sqft Built 1985

$290,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $238.88
  • 1 Days on Market
  • MLS # : 6157883
  • Updated Date : 11/07/2020 at 21:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,214 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Simply put, this property is what dreams are made of. From the wonderfully executed remodel, to the backyard oasis, there was no detail spared in crafting this incredible home. Come experience the pride of ownership, incredible stylings, and great location. Your home sweet home is just a showing away!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Echo Mountain Primary School Primary Regular 609 37 4
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Echo Mountain Primary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 37
4
GreatSchools Rating

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,070
Property Tax -$183
Property Insurance -$51
HOA -$12
Property Management Fees -$99
CASH FLOW
-$174

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.

$290,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$7,662

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
  • $1,242

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,2254$1,350
$1,350
RENT COMPS ANALYSIS
  • 1126 E Wagoner Road Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1717 E Union Hills Drive #1050 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,160 Sqft ∙ Built 1985
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.03
    •  
  • 1028 E Charleston Avenue Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 1983
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.01
    •  
  • 17017 N 12 Street #1091 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,317 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,317 Sqft ∙ Built 1996
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
PROPERTY LISTING DETAILS
Mary S Zatezalo
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157883
Last Updated: 11/07/2020
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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