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18423 W Eva Street 
Waddell, AZ
85355
4 Beds 3 Baths 2,705 sqft
Built 2008
INVESTimate
$314,900
List Price
$89,199
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $116.41
- 2 Days on Market
- MLS # : 6122300
- Updated Date : 08/25/2020 at 10:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,705 sqft
- Baths : 2 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
VACANT!! Come see this two story home in Cortessa! This home offers fresh interior paint and lots of living space. Formal living and dining rooms off the entry and an open family room/kitchen/dining at the back of the home. The kitchen features stainless steel appliances and TWO islands with Corian tops. Half bath located on the main floor for guests' convenience. The primary suite, four additional bedrooms and a full bathroom as well as the laundry room located on the second floor. The spacious primary bedroom has an ensuite bathroom with dual sinks, separate shower and tub, and a large walk in closet. The backyard has a covered patio extended with plenty of room for outdoor furniture. View today!
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PRICE & RENT TRENDS
Neighborhood: Waddell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waddell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$193 | |
| Property Insurance | -$80 | |
| HOA | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$79
|
||
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.
$314,900
PROJECTED PRICE
$1,540
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.48% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,199
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,725 |
| Loan Amount | $236,175 |
4.33
YEARS SAVED
$15,095
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.57
LIST RENT PER SQFT
-
$1,643
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
-
18423 W Eva Street Waddell, 1
- 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $1,540
- $0.57
-
18120 W Sanna Street Waddell, 2
- 5 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006
![property image]()
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,549
- $0.58
-
18609 W Hatcher Road Waddell, 3
- 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,550
- $0.58
-
9212 N 184th Lane Waddell, 4
- 5 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006
![property image]()
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,600
- $0.60
-
18654 W Carol Avenue Waddell, 5
- 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,835
- $0.67
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122300
Last Updated: 08/25/2020
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.
