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8820 N 182nd Lane Waddell, AZ 85355

6 Beds 4 Baths 3,548 sqft Built 2008

$448,500

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $126.41
  • 2 Days on Market
  • MLS # : 6190677
  • Updated Date : 02/06/2021 at 18:33
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,548 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ensign Properties Corp

Listing Agent's Description

Incredible two story Waddell home available in prestigious White Tank Foothills. Room to spread out with over 3500 sq ft of living space, 6 bedrooms, 3.5 bathrooms, formal living and dining and a huge loft with lots of possibilities. Beautiful wood look tile flooring flows throughout the downstairs common areas. Custom two tone paint throughout. Spacious open concept family room is enhanced with a custom built in entertainment center. Stylish modern kitchen boasts gas cooking, ss appliances, sleek stone counters and an island/breakfast bar. Downstairs owners suite includes a walk in closet and private ensuite. Delightful backyard entertaining space is complete with a built in bbq & a sparkling pool. Enjoy breathtaking mountain views from the covered patio. This gem has it all. See it today

SEE MORE

PRICE & RENT TRENDS

Neighborhood: White Tank Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

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

Neighborhood: White Tank Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452094

* 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
Shadow Ridge High School High Regular 1,735 77 4

Shadow Ridge High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 77
4
GreatSchools Rating
 

$403,650$493,350$448,500

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,558
Property Tax -$269
Property Insurance -$96
HOA -$32
Property Management Fees -$99
CASH FLOW
$306

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.

$448,500

PROJECTED PRICE

$2,360

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,603

INVESTMENT

$124,603

Down Payment
$112,125
Rehab Estimate
$5,750
Closing Costs
$6,728

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,558

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,125
Loan Amount $336,375
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$54,608

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
  • $2,306

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,200
$2,200
RENT COMPS ANALYSIS
  • 8820 N 182nd Lane Waddell, AZ 1
    • 6 beds 4 baths ∙ 3,548 Sqft ∙ Built 2008 6 beds 4 baths ∙ 3,548 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18128 W Purdue Avenue Waddell, AZ 2
    • 5 beds 4 baths ∙ 3,380 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,380 Sqft ∙ Built 2010
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
PROPERTY LISTING DETAILS
Teresa A Hartman
Ensign Properties Corp
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190677
Last Updated: 02/06/2021
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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