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18647 W Sunnyslope Lane Waddell, AZ 85355

3 Beds 3 Baths 2,004 sqft Built 2005

$329,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $164.17
  • 2 Days on Market
  • MLS # : 6193953
  • Updated Date : 02/13/2021 at 04:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,004 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful Two-Story Home on Corner Lot in Cortessa nr White Tank Mtns. Spacious Living Rm w/Pony Wall Open to Family Rm. Kitchen has Large Ceramic Diagonally Laid Tile w/Lots of Cabinets & Island Opens to Dining & Family Rm. Plenty of Room for Entertainment-Pre-Wire Surround Sound. Downstairs 1/2 Bath Next to Lrg Laundry Rm w/cabinets. Upstairs Baths have Double Sinks w/Beautiful Backsplash & Soaking Tub/Shower Combos. Master Includes Granite Counter Tops & Large Walk-In Closet. Enjoy your Sunset View from Extended Covered Patio & Oversized Backyard w/Mature Landscaping (Trees, Lawn, Shrubs.) 5 Ton AC Installed 12/2020, Water Heater 4/2020, Vinyl Plank Flooring 2018, Interior/Exterior Paint 1/2021. Two Car Garage w/wall AC Unit, Doggie Dr, Wrk Bench Plus Storage Cabinets & Utility Sink.

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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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,143
Property Tax -$202
Property Insurance -$66
HOA -$85
Property Management Fees -$99
CASH FLOW
-$125

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.

$329,000

PROJECTED PRICE

$1,470

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,816

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,583

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4953$1,5504$1,6005$1,795
$1,795
RENT COMPS ANALYSIS
  • 18647 W Sunnyslope Lane Waddell, AZ 1
    • 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.73
    •  
  • 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
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 18156 W Palo Verde Avenue Waddell, AZ 3
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2013
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 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
    property image
    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
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
PROPERTY LISTING DETAILS
Melissa Schwartz
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193953
Last Updated: 02/13/2021
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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