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6028 N 186th Avenue Waddell, AZ 85355

4 Beds 4 Baths 3,316 sqft Built 2003

$710,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $214.11
  • 3 Days on Market
  • MLS # : 6154594
  • Updated Date : 11/07/2020 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,316 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

HERE IT IS....the tastefully appointed 4 bedroom 3.5 bath home WITH RV garage on ONE ACRE that you've been waiting for. This home has been METICULOUSLY cared for and UDATED throughout! With TWO NEW R410-A HVAC units, NEW insulation, new interior and exterior paint, new carpet and updated kitchens and baths, there is nothing left to do here but move in and enjoy! This property also offers a 52'x22' fully insulated RV garage with 14' roll up door, perfect for toys or the car enthusiast! Situated on a quiet street with no neighbor behind, this home offers peace and quiet with amazing mountain views! Fully fenced and irrigated! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Citrus Park

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Citrus Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452148

* 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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Verrado High School High Regular 1,855 74 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,620
Property Tax -$419
Property Insurance -$92
HOA -$2
Property Management Fees -$99
CASH FLOW
-$591

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.

$710,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,779

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
  • $3,460

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$3,0004$4,500
$4,500
RENT COMPS ANALYSIS
  • 6028 N 186th Avenue Waddell, AZ 1
    • 4 beds 4 baths ∙ 3,316 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,316 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19340 W Pasadena Avenue Litchfield Park, AZ 2
    • 4 beds 4 baths ∙ 3,072 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,072 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
  • 6827 N 176th Avenue Waddell, AZ 3
    • 5 beds 4 baths ∙ 3,384 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,384 Sqft ∙ Built 2005
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.89
    •  
  • 17917 W Montebello Avenue Litchfield Park, AZ 4
    • 5 beds 3 baths ∙ 3,238 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,238 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.39
    •  
PROPERTY LISTING DETAILS
Nikki Doherty
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154594
Last Updated: 11/07/2020
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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