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2180 W Val Vista Drive #78 Wickenburg, AZ 85390

2 Beds 2 Baths 1,056 sqft Built 1976

$239,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $226.33
  • 2 Days on Market
  • MLS # : 6203419
  • Updated Date : 03/06/2021 at 21:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,056 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona West

Listing Agent's Description

Wonderful views!! Super low maintenance. Adorable 2 bedroom, 2 bath home. Perfect part time winter retreat or full time residence. Easy to lock and leave. Remodeled in 2019. New roof; new carport roof and drywall underneath; complete interior paint; 2 new ceiling fans; new water heater; new windows, shades & blinds; new kitchen countertops & appliances; tile flooring throughout; bathroom countertops, tile shower. Open floor plan. Large picture windows to take in the views. Close to shopping. Large fenced backyard. Mature landscaping. Large shade trees. Come take a look. You will not be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Quail Run Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $77k353k

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

Neighborhood: Quail Run Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181794

* 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
Hassayampa Elementary School Primary Regular 415 24 NA
Vulture Peak School Middle Regular 216 12 3
Wickenburg High School High Regular 657 30 4

Hassayampa Elementary School

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 24
NA
GreatSchools Rating

Vulture Peak School

  • Education Level: Middle
  • # of students: 216
  • # of teachers: 12
3
GreatSchools Rating

Wickenburg High School

  • Education Level: High
  • # of students: 657
  • # of teachers: 30
4
GreatSchools Rating
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$830
Property Tax -$119
Property Insurance -$48
HOA -$5
Property Management Fees -$99
CASH FLOW
$49

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.

$239,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$19,292

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
  • $1,056

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,250
$1,250
RENT COMPS ANALYSIS
  • 2180 W Val Vista Drive #78 Wickenburg, AZ 1
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 100 N Vulture Mine Road #105 Wickenburg, AZ 2
    • 2 beds 2 baths ∙ 1,256 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,256 Sqft ∙ Built 1985
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
PROPERTY LISTING DETAILS
June Antos
Century 21 Arizona West
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203419
Last Updated: 03/06/2021
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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