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17964 W Carol Avenue Waddell, AZ 85355

3 Beds 2 Baths 1,681 sqft Built 2006

$279,999

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $166.57
  • 3 Days on Market
  • MLS # : 6181039
  • Updated Date : 01/23/2021 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,681 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Highly desirable home in Cortessa features 3 bedrooms plus a den (that could make a 4th bedroom). Flexible floor plan with options for extra bedroom, office, formal dining or classroom! Nicely appointed back yard with dog run, grass and patio. Low cost solar lease through tesla makes your electric bills nice and low! Distance to parks is amazing with a park one house away! Located near Shadow Ridge High School, the 303 freeway and White tank regional park. Whirlpool stainless steel kitchen appliances were purchased in 2015, you can have an electric or gas stove! Smart home with Owned security system, surround sound, phone app controlled watering system and a nest thermostat! Security cameras are wired for top of the line security.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Waddell

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k346k

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

Neighborhood: Waddell

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10011951

* 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
 

$251,999$307,999$279,999

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$973
Property Tax -$162
Property Insurance -$60
HOA -$85
Property Management Fees -$99
CASH FLOW
-$8

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.

$279,999

PROJECTED PRICE

$1,370

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.5%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $209,999
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,459

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
  • $1,467

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5504$1,5505$1,635
$1,635
RENT COMPS ANALYSIS
  • 17964 W Carol Avenue Waddell, AZ 1
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18271 W Sunnyslope Lane Waddell, AZ 2
    • 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
    •  
  • 18156 W Palo Verde Avenue Waddell, AZ 3
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2013
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 17960 W Palo Verde Avenue Waddell, AZ 4
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2009
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 9204 N 182nd Lane Waddell, AZ 5
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.90
    •  
PROPERTY LISTING DETAILS
Melissa J Twitchell
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181039
Last Updated: 01/23/2021
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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