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517 N Sierra Vista Drive Wickenburg, AZ 85390

3 Beds 2 Baths 1,399 sqft Built 1990

$315,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $225.16
  • 2 Days on Market
  • MLS # : 6192485
  • Updated Date : 02/13/2021 at 23:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,399 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona West

Listing Agent's Description

Darling move in ready home! Great Mariposa Heights lot, large backyard, privacy, easy care desert landscape. The interior has been nicely updated with the following, kitchen cabinets and all newer appliances, new flooring throughout, updated master vanity, interior paint color, updated and fully functional fireplace. Enjoy the bay window eating area, bay window in master as well. Vaulted ceilings, ceiling fans, sunscreens on all windows(in garage currently). Enjoy the small front patio or the larger back covered patio. Backyard is ready for your personal touches, large & very private. Inventory is low so don't miss out on this great home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mariposa Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k385k

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

Neighborhood: Mariposa Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,094
Property Tax -$157
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$174

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,245

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,230
$1,230
RENT COMPS ANALYSIS
  • 517 N Sierra Vista Drive Wickenburg, AZ 2
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.88
    •  
  • 345 N Madison Street Wickenburg, AZ 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1998
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.89
    •  
PROPERTY LISTING DETAILS
Wendy Wright
Century 21 Arizona West
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192485
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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