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19216 W Echo Lane Waddell, AZ 85355

3 Beds 4 Baths 3,061 sqft Built 2021

$571,990

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $186.86
  • 30 Days on Market
  • MLS # : 6170806
  • Updated Date : 12/17/2020 at 14:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,061 sqft
  • Baths : 3 full , 1 half
Listing Agent

New Home Star Arizona, Llc

Listing Agent's Description

TO BE BUILT | EXCLUSIVE LUXURY | GATED COMMUNITY | LOW HOA | NO LOTTERY! Fantastic location outside the city near Surprise and backed up to the White Tank Mountains with easy access to all entertainment in the West Valley Peace, Privacy, & Space Between Neighbors is what you get here! The Joyce is a super spacious & flexible single level plan made up of 3,061 sq ft, Spray Foam Insulation, 10ft Ceilings, 8ft Doors, Den & Study, 3 Car Split Garage, Paver Driveway & Walkway. Custom options allow for a up to 5 beds, 4 Baths, Oversized Master Shower, Multi-Slide Stacking Glass Doors, Formal Dining Room, Gas Drop for Cooking, Customizable Color & Finish w/Professional Designer! PICTURES ARE FROM MODEL HOME NOT SUBJECT PROPERTY.

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PRICE & RENT TRENDS

Neighborhood: Sonoran Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k538k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sonoran Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452016

* 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
 

$514,791$629,189$571,990

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,987
Property Tax -$351
Property Insurance -$87
HOA -$58
Property Management Fees -$99
CASH FLOW
-$761

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$571,990

PROJECTED PRICE

$1,820

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 3.00%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,577

INVESTMENT

$153,577

Down Payment
$142,998
Rehab Estimate
$2,000
Closing Costs
$8,580

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,987

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,998
Loan Amount $428,993
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$110

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
  • $1,913

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8353$1,850
$1,850
RENT COMPS ANALYSIS
  • 19341 W Seldon Lane Waddell, AZ 1
    • 3 beds 4 baths ∙ 3,061 Sqft ∙ Built 2021 3 beds 4 baths ∙ 3,061 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18654 W Carol Avenue Waddell, AZ 2
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.67
    •  
  • 9730 N 182nd Lane Waddell, AZ 3
    • 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2010
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.58
    •  
PROPERTY LISTING DETAILS
James D Brettner
New Home Star Arizona, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170806
Last Updated: 12/17/2020
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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