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18126 W Sanna Street Waddell, AZ 85355

4 Beds 3 Baths 2,530 sqft Built 2006

$365,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.27
  • 2 Days on Market
  • MLS # : 6209924
  • Updated Date : 03/20/2021 at 22:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,530 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This is the one that you have been looking for! 4 bedrooms, 2.5 bathrooms, 3 car tandem garage home in the Waddell community of Cortessa! The backyard has a sparkling pool, build in BBQ, covered patio and citrus trees. The kitchen includes stainless steel appliances and a gas range. New Garage door and opener (2020), exterior was painted (Dec. 2020), 1/2 bath was remodeled (Feb 2021), washer and dryer included, security screen door, and sunscreens. This home is a must see!

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
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,268
Property Tax -$224
Property Insurance -$76
HOA -$85
Property Management Fees -$99
CASH FLOW
-$92

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.

$365,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6603$1,7854$1,8255$1,950
$1,950
RENT COMPS ANALYSIS
  • 18126 W Sanna Street Waddell, AZ 2
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.66
    •  
  • 9107 N 185th Avenue Waddell, AZ 1
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.67
    •  
  • 9803 N 185th Drive Waddell, AZ 3
    • 5 beds 3 baths ∙ 2,583 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,583 Sqft ∙ Built 2016
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.69
    •  
  • 18619 W Sanna Street Waddell, AZ 4
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006
    property image
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.77
    •  
  • 18609 W Hatcher Road Waddell, AZ 5
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005
    property image
    LEASED 03/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
PROPERTY LISTING DETAILS
Courtney Ann Sheffert
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209924
Last Updated: 03/20/2021
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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