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9212 N 184th Lane Waddell, AZ 85355

5 Beds 3 Baths 2,687 sqft Built 2006

$365,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $135.84
  • 3 Days on Market
  • MLS # : 6205134
  • Updated Date : 03/12/2021 at 22:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,687 sqft
  • Baths : 3 full
Listing Agent

Arizona Premier Realty Homes & Land, Llc

Listing Agent's Description

Gorgeous True 5 Bedroom Home + Bonus Room (Office, Den or Playroom) + Loft +Formal Living + Formal Dining +Family Room. Brand New Carpet, Upgraded Pad with 10 year warranty plus Lifetime Warranty on Installation. New Interior Paint 2021 and New Exterior Paint in 2019. Huge backyard with Views of the White Tank Mountains plus Grass and Concrete Curbing. Great Island Kitchen with Granite Counter Tops, Wood Staggered Cabinets, Open to a Nice Size Family Room Wired for Surround Sound. Welcoming Formal Living and Dinning Room, Bonus Room Great for an Excellent Office, Kids Play Area or Den beyond the Kitchen. All 5 Nice Size Bedrooms are Upstairs Plus the Loft. HUGE Master Bedroom has Vaulted Ceilings, Massive Walk-In Closet, Dual Sinks, plus a Soaker Tub & Separate Shower. Excellent Schools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Waddell

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k346k

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

Neighborhood: Waddell

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10011951

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,268
Property Tax -$224
Property Insurance -$80
HOA -$85
Property Management Fees -$99
CASH FLOW
$5

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.

$365,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.5%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,7853$1,8254$1,8355$1,950
$1,950
RENT COMPS ANALYSIS
  • 9212 N 184th Lane Waddell, AZ 1
    • 5 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,687 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.66
    •  
  • 9803 N 185th Drive Waddell, AZ 2
    • 5 beds 3 baths ∙ 2,583 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,583 Sqft ∙ Built 2016
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.69
    •  
  • 18619 W Sanna Street Waddell, AZ 3
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006
    property image
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.77
    •  
  • 18654 W Carol Avenue Waddell, AZ 4
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.67
    •  
  • 18609 W Hatcher Road Waddell, AZ 5
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2005
    property image
    LEASED 03/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
PROPERTY LISTING DETAILS
Dana Barnes
Arizona Premier Realty Homes & Land, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205134
Last Updated: 03/12/2021
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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