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3618 W Wagoner Road Glendale, AZ 85308

5 Beds 4 Baths 1,768 sqft Built 1993

$479,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $271.44
  • 6 Days on Market
  • MLS # : 6177263
  • Updated Date : 01/09/2021 at 18:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,768 sqft
  • Baths : 4 full
Listing Agent

West Usa Realty

Listing Agent's Description

This home is a well taken care of 5 bedroom, WELL ESTABLISHED4 bath adult care facilitylicensed for 5 and at its full capacity. The home WILL be purchased along with the business. Unit layout with private patios, great income producing propertywith nearly $19,000 gross per month.Super location close to Freeway and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Morada Encanto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k271k

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

Neighborhood: Morada Encanto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9031567

* 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
Mirage Elementary School Primary Regular 458 30 4
Desert Sky Middle School Middle Regular 642 28 6
Deer Valley High School High Regular 1,854 95 5

Mirage Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 30
4
GreatSchools Rating

Desert Sky Middle School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 28
6
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 95
5
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,667
Property Tax -$173
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$470

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.

$479,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,582

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5303$1,5504$1,6505$1,770
$1,770
RENT COMPS ANALYSIS
  • 3618 W Wagoner Road Glendale, AZ 2
    • 5 beds 4 baths ∙ 1,768 Sqft ∙ Built 1993 5 beds 4 baths ∙ 1,768 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.87
    •  
  • 3721 W Villa Maria Drive Glendale, AZ 1
    • 4 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,480 Sqft ∙ Built 1985
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.88
    •  
  • 3538 W Marconi Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 2003
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
  • 3618 W Marconi Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 2003
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 4785 W Oraibi Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.86
    •  
PROPERTY LISTING DETAILS
Betty A Stephenson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177263
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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