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17937 W Royal Palm Road Waddell, AZ 85355

4 Beds 4 Baths 3,247 sqft Built 2007

$499,999

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $153.99
  • 3 Days on Market
  • MLS # : 6178492
  • Updated Date : 01/08/2021 at 16:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,247 sqft
  • Baths : 3 full , 1 half
Listing Agent

Howe Realty

Listing Agent's Description

Stunning, move in ready, single level, 4 bedroom, 3.5 bathroom home on an oversized lot in the very desirable White Tank Foothill Community. Perfect layout for those who love to entertain. Impressive entrance with a private paver courtyard. Large windows throughout allow plenty of natural light to fill the home while the LEASED SOLAR ensures the interior remains comfortable & affordable year-round. Beautiful kitchen with granite counters, gas stove, double oven, staggered cabinets, and stainless steel appliances overlooking the dining and living areas. The plush owner's retreat has an extra large walk-in closet and a luxurious ensuite with dual sinks, walk-in shower and a garden tub. Backyard is a dream oasis, extended patio, built-in BBQ, sparkling pool, heated spa, ramada with gas

SEE MORE

PRICE & RENT TRENDS

Neighborhood: White Tank Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

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

Neighborhood: White Tank Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452094

* 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
Mountain View Elementary School Primary Regular 1,124 49 5
Mountain View Elementary School Middle Regular 1,124 49 5
Shadow Ridge High School High Regular 1,735 77 4

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 1,124
  • # of teachers: 49
5
GreatSchools Rating

Mountain View Elementary School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 49
5
GreatSchools Rating

Shadow Ridge High School

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

$449,999$549,999$499,999

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,737
Property Tax -$300
Property Insurance -$90
HOA -$32
Property Management Fees -$99
CASH FLOW
-$148

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.

$499,999

PROJECTED PRICE

$2,110

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,857

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,110

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,908

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,8504$2,1105$2,200
$2,200
RENT COMPS ANALYSIS
  • 17937 W Royal Palm Road Waddell, AZ 4
    • 4 beds 4 baths ∙ 3,247 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,247 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.65
    •  
  • 18368 W Mission Lane Waddell, AZ 1
    • 5 beds 3 baths ∙ 2,953 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,953 Sqft ∙ Built 2008
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.56
    •  
  • 9825 N 180th Avenue Waddell, AZ 2
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.56
    •  
  • 9730 N 182nd Lane Waddell, AZ 3
    • 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2010
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.58
    •  
  • 18128 W Purdue Avenue Waddell, AZ 5
    • 5 beds 4 baths ∙ 3,380 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,380 Sqft ∙ Built 2010
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
PROPERTY LISTING DETAILS
Brandon Howe
Howe Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178492
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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