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6530 N 176th Avenue Waddell, AZ 85355

3 Beds 2 Baths 1,540 sqft Built 2000

$427,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $277.86
  • 3 Days on Market
  • MLS # : 6185902
  • Updated Date : 02/19/2021 at 19:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Your Open floor plan is here! 1 Acre lot in a very secluded cul-de-sac. . Huge living room with built-in entertainment center. Large kitchen with granite countertops, lots of cabinets, and eat-in kitchen. Three bedrooms and two full bathrooms. Split master bedroom and bathroom. Beautiful tile throughout. Laundry room has lots of storage cabinets. Freshly painted and new beautiful walk in shower in Master. Two RV gates and RV parking. Amazing space to build a shop. Two storage sheds. All figures and measurements are approximate.

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
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
 

$385,110$470,690$427,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,486
Property Tax -$252
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$155

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.

$427,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$119,144

INVESTMENT

$119,144

Down Payment
$106,975
Rehab Estimate
$5,750
Closing Costs
$6,419

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,486

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,975
Loan Amount $320,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,863

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,795
$1,795
RENT COMPS ANALYSIS
  • 6530 N 176th Avenue Waddell, AZ 1
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.13
    •  
  • 5221 N 187th Lane Litchfield Park, AZ 2
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2020
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.21
    •  
PROPERTY LISTING DETAILS
Archie Dean
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185902
Last Updated: 02/19/2021
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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