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6115 N 175th Avenue Waddell, AZ 85355

5 Beds 4 Baths 3,301 sqft Built 2018

$879,900

List Price

$3,760

$3.5K - $4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $266.56
  • 4 Days on Market
  • MLS # : 6193001
  • Updated Date : 02/12/2021 at 05:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,301 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

No HOA! HORSE PROPERTY. Beautiful 5 bedrooms 3.75 bathroom custom Home situated on an acre of irrigated land in Tara Estates (WADDELL) Huge 25ft x 50ft RV Garage! Plenty of room to bring your RV, All the toys, and animals. gorgeous custom iron entry door. Gourmet kitchen, 2 wall ovens, cabinet galore, 6 burner stove top, pot filler, walk-in pantry, stainless steel appliances, granite countertops in all the right places! Kitchen offers an island with veggie sink, and an over sized breakfast bar that overlooks into the living room and formal dining are. Main Master Bedroom offers his/hers sink, his/her closet with pull outs, separate walk-in shower and tub, custom vanity area and private sliding door for backyard with custom plantation shutter! Backyard has a huge covered patio, pavers in

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tara Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $109k538k

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

Neighborhood: Tara Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10182567

* 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
Verrado Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

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

$791,910$967,890$879,900

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$3,056
Property Tax -$519
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
-$6

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.

$879,900

PROJECTED PRICE

$3,760

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,924

INVESTMENT

$238,924

Down Payment
$219,975
Rehab Estimate
$5,750
Closing Costs
$13,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,056

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,975
Loan Amount $659,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$54,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,760

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $3,763

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,7603$4,500
$4,500
RENT COMPS ANALYSIS
  • 6115 N 175th Avenue Waddell, AZ 2
    • 5 beds 4 baths ∙ 3,301 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,301 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,760
    • $1.14
    •  
  • 6827 N 176th Avenue Waddell, AZ 1
    • 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 3
    • 5 beds 3 baths ∙ 3,238 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,238 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.39
    •  
PROPERTY LISTING DETAILS
Alicia M Rodriguez
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193001
Last Updated: 02/12/2021
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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