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18145 W Golden Lane Waddell, AZ 85355

5 Beds 3 Baths 3,548 sqft Built 2007

$389,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $109.64
  • 4 Days on Market
  • MLS # : 6177872
  • Updated Date : 01/07/2021 at 16:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,548 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Well Built Pulte Home on an Upgraded View LOT! Expansive 5 Bedroom 2.5 Bath Home on Large 10,000+ SqFt Lot! This Home Features Beautiful Upgraded Cabinets, Black Appliances Including Refrigerator, Oversized Bedrooms all with Walk-in Closets, Upgraded Fans & Fixtures W/ Can lighting in Kitchen & Loft, Wood Blinds & Sunscreens, Built-In office in Loft, Built-In Cabinets, Transfer Switch & 220 Outlet in Garage, Security System, Soft Water Loop, HVAC's replaced 2014/2016, RV Gate for your toys, and So Much More! Then Step Out to your Huge Private yard Backing Park, with Lush Trees & Grass, Covered Patio W/ Extra Paver Patio & Fire Pit for Lots of Entertaining & BBQ's! Wonderful Location just off the 303, Community Basketball/Volleyball, Parks, Hiking and Walking/Biking Trails. Come See Today

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
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
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,351
Property Tax -$233
Property Insurance -$96
HOA -$32
Property Management Fees -$99
CASH FLOW
$419

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.

$389,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.57%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$64,081

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
  • $2,306

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,200
$2,200
RENT COMPS ANALYSIS
  • 18145 W Golden Lane Waddell, AZ 1
    • 5 beds 3 baths ∙ 3,548 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,548 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18128 W Purdue Avenue Waddell, AZ 2
    • 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
Cheryl J. Reinhold
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177872
Last Updated: 01/07/2021
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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