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18034 W Brown Street Waddell, AZ 85355

5 Beds 3 Baths 3,391 sqft Built 2007

$399,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $117.66
  • 4 Days on Market
  • MLS # : 6178007
  • Updated Date : 01/09/2021 at 21:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,391 sqft
  • Baths : 3 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

***ASTOUNDING HOME*** This Jaw Dropping Beauty comes with EXCELLENT UPGRADES!! Including Cathedral Soaring Ceilings, 5 Large Bedrooms and 3 FULL Bathrooms Cozy Bamboo Flooring and Tile in all right Places, Formal Dining Family Room N Loft/Game Room ready to entertain Large crowds. The Kitchen is LOADED with SS Appliances, Granite Tops, Dual Ovens, Microwave, Island N a PLETORA of Cabinets, 2 Tone paint, HUGE Master with Separate Shower/Tub Bathroom N a Relaxing Back Terrace to enjoy the Starry Nights or Mountain Views, the back yard is Perfectly Laid out with Pavers, Trees and Artificial Grass Custom Drapery in Most of Windows and Bottom Floor room can be Easily converted into A MANCAVE/OFFICE or INLAW's Set Up Come on Down Make it your first N Last Showing Guaranteed You'll LOVE IT THANKS

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,386
Property Tax -$239
Property Insurance -$93
HOA -$85
Property Management Fees -$99
CASH FLOW
-$52

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.

$399,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,798

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
  • $1,975

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,7504$1,8505$2,200
$2,200
RENT COMPS ANALYSIS
  • 18034 W Brown Street Waddell, AZ 1
    • 5 beds 3 baths ∙ 3,391 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,391 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 18017 W Brown Street Waddell, AZ 3
    • 5 beds 4 baths ∙ 3,268 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,268 Sqft ∙ Built 2007
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.54
    •  
  • 9730 N 182nd Lane Waddell, AZ 4
    • 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
Juan Carlos Acosta
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178007
Last Updated: 01/09/2021
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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