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17215 W Orchid Lane Waddell, AZ 85355

3 Beds 2 Baths 1,591 sqft Built 2017

$334,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $210.50
  • 3 Days on Market
  • MLS # : 6185537
  • Updated Date : 01/29/2021 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,591 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This large corner lot features 3BR plus a Den, 8ft wide double gate, garbage can pad behind gate, extra large driveway, upgraded tile, upgraded toilets, tankless water heater, a hot water recirculation pump. Kitchen comes complete with Stainless Steel appliances, Granite countertops and Espresso Birch wood cabinets w/ SS hardware. Bathrooms have matching granite, tile and cabinets. Fully landscaped backyard with paver patio and stone fire pit for entertaining and watching those Arizona sunsets. This Corner lot allows easy access to several of the community parks. Just off the loop 303 for 30 minute access to downtown. This house is move-in ready. Owner/Agent

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85355

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85355

ZipNIR 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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,163
Property Tax -$201
Property Insurance -$58
HOA -$80
Property Management Fees -$99
CASH FLOW
-$251

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.

$334,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,158

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
  • $1,344

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4253$1,4504$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 17215 W Orchid Lane Waddell, AZ 1
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9256 N 180th Lane Waddell, AZ 2
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2006
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 18037 W Vogel Avenue Waddell, AZ 3
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2007
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 18271 W Sunnyslope Lane Waddell, AZ 4
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2012
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 18012 W Alice Avenue Waddell, AZ 5
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2009
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
PROPERTY LISTING DETAILS
Matthew J Lange
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185537
Last Updated: 01/29/2021
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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