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18119 W Puget Avenue Waddell, AZ 85355

3 Beds 2 Baths 1,777 sqft Built 2008

$299,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $168.77
  • 3 Days on Market
  • MLS # : 6206257
  • Updated Date : 03/12/2021 at 21:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,777 sqft
  • Baths : 2 full
Listing Agent

Arizona Team Realty, Llc

Listing Agent's Description

Single level, great room floor plan with 3 bedrooms, a den with walk in closet that could easily be converted to 4th bedroom, 2 baths and extended 2 car garage. Kitchen overlooks great room with cherry cabinets with rollout shelves, black appliances with gas range, a breakfast bar, pantry and lots of counter space. Spacious master bedroom sits at rear of the home and has private bath with a separate tub/shower, double sinks and large walk-in closet. Secondary bedrooms are split from master and share bath 2. South backyard has a nice sized covered patio with extended concrete sitting area with mountain views, a gas stub for future BBQ and grass/mature landscaping. Garage has 2 ft extension, epoxy flooring, service door, gas water heater and extra outlets including 220V. Additional features:

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
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,042
Property Tax -$180
Property Insurance -$62
HOA -$32
Property Management Fees -$99
CASH FLOW
$16

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.

$299,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.48%

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

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$17,926

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,519

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4503$1,4954$1,5505$1,635
$1,635
RENT COMPS ANALYSIS
  • 18119 W Puget Avenue Waddell, AZ 1
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.80
    •  
  • 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
    property image
    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
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 18160 W Eva Street Waddell, AZ 4
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2008
    property image
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 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
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.90
    •  
PROPERTY LISTING DETAILS
Anthony R Sherman
Arizona Team Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206257
Last Updated: 03/12/2021
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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