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18433 W Sunnyslope Lane Waddell, AZ 85355

3 Beds 2 Baths 2,147 sqft Built 2012

$349,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $162.97
  • 4 Days on Market
  • MLS # : 6174413
  • Updated Date : 12/31/2020 at 21:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,147 sqft
  • Baths : 2 full
Listing Agent

Pro-formance Realty Concepts

Listing Agent's Description

Beautiful 3 bedroom, 2 bathroom home, with solar! Custom iron front door welcomes you into the spacious foyer. Upgraded kitchen with granite countertops, stainless steel appliances, tile backsplash, and walk in pantry overlooks the dining area and large family room complete with surround sound. Master bedroom with huge sitting room has views into the backyard. The master bath has double sinks and a separate shower and tub. The split floorplan gives you 2 oversized bedrooms and 1 full bathroom near the front of the home. You'll find 18in tile in the main living areas, as well as the bathrooms and laundry room. Step outside and enjoy the extended covered patio, grassy, landscaped backyard, and mountain views. Home is within walking distance to numerous community parks and local schools.

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,291
Property Tax -$215
Property Insurance -$69
HOA -$85
Property Management Fees -$99
CASH FLOW
-$129

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.

$349,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,772

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
  • $1,659

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6004$1,6005$1,795
$1,795
RENT COMPS ANALYSIS
  • 18433 W Sunnyslope Lane Waddell, AZ 1
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9119 N 185th Avenue Waddell, AZ 2
    • 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 18105 W Townley Avenue Waddell, AZ 3
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 9308 N 182nd Lane Waddell, AZ 4
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2007
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 18651 W Cinnabar Avenue Waddell, AZ 5
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2014
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jennifer Elaine Dewaele
Pro-formance Realty Concepts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174413
Last Updated: 12/31/2020
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.

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