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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $254.81
- 2 Days on Market
- MLS # : 6155521
- Updated Date : 11/28/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,080 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Custom home situated on 3 acres of irrigated land in Waddell. Bring your horses!! 6 stall mare motel, 3 additional covered stalls, tack room, barn, lighted round pen & lighted arena. This open concept 3 bedroom 2 bath home is country living at its best. New A/C in 2020, new roof in 2017, 20'' tile flooring, massive great room open to the kitchen & dining. Large master bedroom with his & hers closets, direct patio access & full bath. Amazing views of the White Tank Mountains, full length covered patio with extended depth, additional covered parking for RV's, private chain link fencing for the pups. 2 car garage attached, concrete driveway, mature trees.. don't miss this opportunity!
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PRICE & RENT TRENDS
Neighborhood: Citrus Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Citrus Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,955 |
| Property Tax | -$313 | |
| Property Insurance | -$68 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$620
|
||
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.
$530,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$146,200
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,500 |
| Loan Amount | $397,500 |
0.58
YEARS SAVED
$1,136
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,018
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
7530 N 181st Avenue Waddell, AZ 1
- 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,820
- $0.88
-
6256 N 186th Avenue Waddell, AZ 2
- 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 2002
LEASED 08/28/19- Rent
- Rent Per SQFT
- $2,300
- $0.97
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6155521
Last Updated: 11/28/2020
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.
