Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18064 W Palo Verde Avenue Waddell, AZ 85355

4 Beds 3 Baths 1,818 sqft Built 2008

$295,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $162.27
  • 4 Days on Market
  • MLS # : 6156468
  • Updated Date : 11/06/2020 at 11:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,818 sqft
  • Baths : 3 full
Listing Agent

Realtyonegroup Mountain Desert

Listing Agent's Description

MUST SEE! Beautiful 4 bedroom + den w/3 full bathrooms. The corner lot is the perfect location on a quiet street in Cortessa. Great curb appeal with beautiful tiered paver walkway and RV gate. Perfect family floor plan!! Kitchen features black appliances, 48'' upper cabinets, gas range, breakfast bar and built- in desk. The covered paver patio with paver extension is perfect for entertaining. Beautifully landscaped grass area with irrigation to all planters. Master suite has dramatic double door entry, garden tub, and glass enclosed shower. Split floor plan, Jack and Jill bathroom, with lots of closet space. Den can be used as media room with TV mount. Upgraded coach lights, interior ceiling fans and lighting, extended garage & new exterior paint (12/19) make this a ''DON'T MISS'' home!

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,088
Property Tax -$177
Property Insurance -$63
HOA -$85
Property Management Fees -$99
CASH FLOW
-$32

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.

$295,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$17,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,545

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4803$1,4954$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 18064 W Palo Verde Avenue Waddell, AZ 2
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.81
    •  
  • 18271 W Sunnyslope Lane Waddell, AZ 1
    • 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 3
    • 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
    •  
  • 18156 W Palo Verde Avenue Waddell, AZ 4
    • 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
    •  
  • 9225 N 182nd Lane Waddell, AZ 5
    • 5 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007 5 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sam Dumas
Realtyonegroup Mountain Desert
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156468
Last Updated: 11/06/2020
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.

BESbswy