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9807 N 180th Avenue Waddell, AZ 85355

5 Beds 3 Baths 3,115 sqft Built 2006

INVESTimate

$370,000

List Price

$1,660

$1,494 - $1,826

Rent Est.

$390,276  ( +5.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $118.78
  • 1 Days on Market
  • MLS # : 6120209
  • Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,115 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This spacious home w/Pebble Tec pool backs up to a lush greenbelt area. Upon entry, you'll notice the generous size living/dining room w/direct access to full-length covered patio, 1st floor bedroom w/full bathroom, eat-in kitchen area and greatroom w/direct access to the backyard. Enjoy cooking your favorite culinary treats in this lovely kitchen w/upgraded cabinets, stainless steel appliances and pantry. Plenty of counter tops and cabinet space. The second floor includes a huge master suite w/exit to full-length balcony, generous size ensuite with his/her closets, 3 additional secondary bedrooms, another full bath, office nook and laundry room. Outside, you'll enjoy a tranquil, spacious backyard w/only 1 neighbor, refreshing pool & water feature w/plenty of entertainment space.

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
Mountain View Elementary School Primary Regular 1,124 49 5
Mountain View Elementary School Middle Regular 1,124 49 5
Shadow Ridge High School High Regular 1,735 77 4

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 1,124
  • # of teachers: 49
5
GreatSchools Rating

Mountain View Elementary School

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 49
5
GreatSchools Rating

Shadow Ridge High School

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

$333,000$407,000$370,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,365
Property Tax -$222
Property Insurance -$88
HOA -$85
Property Management Fees -$99
CASH FLOW
-$199

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.

$370,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.48%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$10,216

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
  • $1,791

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7504$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 9807 N 180th Avenue Waddell, 1
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18368 W Mission Lane Waddell, 2
    • 5 beds 3 baths ∙ 2,953 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,953 Sqft ∙ Built 2008
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.56
    •  
  • 9825 N 180th Avenue Waddell, 3
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.56
    •  
  • 18017 W Brown Street Waddell, 4
    • 5 beds 4 baths ∙ 3,268 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,268 Sqft ∙ Built 2007
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.54
    •  
  • 18652 W Vogel Avenue Waddell, 5
    • 5 beds 3 baths ∙ 2,910 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,910 Sqft ∙ Built 2006
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.64
    •  
PROPERTY LISTING DETAILS
Denise Gallagher
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120209
Last Updated: 08/26/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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