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18509 W Onyx Court Waddell, AZ 85355

4 Beds 3 Baths 3,764 sqft Built 2007

$470,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $124.87
  • 1 Days on Market
  • MLS # : 6185181
  • Updated Date : 01/24/2021 at 04:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,764 sqft
  • Baths : 3 full
Listing Agent

Century 21 Northwest

Listing Agent's Description

Beautiful two story home in the heart of the highly sought after subdivision of Cortessa. This home features 4 bedrooms, 3 bathrooms, two lofts and 3 car garage. Sit enjoy your coffee in the front living room with bay windows next to your stone fireplace. High vaulted ceilings, rod iron staircase, granite counter tops and breakfast bar, are just some of the features of this stunning home. Home has been freshly painted. Master suite showcases private balcony overlooking the White Tank Mountains, his and her sinks and soaking tub. Enjoy entertaining friends and family outside in your pebbletec swimming pool with slide and waterfall, turf putting green and even a turf dog run. All this plus solar!

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
 

$423,000$517,000$470,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,632
Property Tax -$288
Property Insurance -$101
HOA -$89
Property Management Fees -$99
CASH FLOW
-$59

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.

$470,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.46%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$22,405

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
  • $2,258

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,700
$2,700
RENT COMPS ANALYSIS
  • 18509 W Onyx Court Waddell, AZ 1
    • 4 beds 3 baths ∙ 3,764 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,764 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17814 W Bloomfield Road Surprise, AZ 2
    • 5 beds 4 baths ∙ 3,989 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,989 Sqft ∙ Built 2008
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.51
    •  
  • 10016 N 184th Drive Waddell, AZ 3
    • 5 beds 4 baths ∙ 3,913 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,913 Sqft ∙ Built 2006
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.69
    •  
PROPERTY LISTING DETAILS
Elisha Long
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185181
Last Updated: 01/24/2021
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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