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1701 W Wayland Drive Phoenix, AZ 85041

4 Beds 2 Baths 1,296 sqft Built 1970

$259,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $200.54
  • 9 Days on Market
  • MLS # : 6152329
  • Updated Date : 10/26/2020 at 18:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

Prestige Realty

Listing Agent's Description

Vista Grande is where you want to be! Outstanding corner lot home in desirable Phoenix is waiting just for you. This one of a kind home is a dream come true. Offering carport space and easy care gravel front landscaping. Step inside this highly remodeled interior complete with 4 bed, 2 bath, neutral color palette, so much natural light, carpet in every bedroom, and beautiful wood-like tile. Practice your cooking skills in this spotless kitchen providing everything you need; breakfast bar, plenty counter space, white cabinetry, lovely pendant lighting, and sparkling stainless steel appliances. Inside this unique master bedroom you will find an impeccable en-suite bathroom and perfectly sized closet. White canvas backyard is ready for your landscaping ideas. Look no further. Call right now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista Grande

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k271k

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

Neighborhood: Vista Grande

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6951567

* 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
C.j. Jorgensen School Primary Regular 476 29 2
C.j. Jorgensen School Middle Regular 476 29 2
Cesar Chavez High School High Regular 2,575 131 3

C.j. Jorgensen School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 29
2
GreatSchools Rating

C.j. Jorgensen School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 29
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$959
Property Tax -$169
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$109

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.

$259,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,166

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$949
1$9492$9953$1,1704$1,200
$1,200
RENT COMPS ANALYSIS
  • 1701 W Wayland Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.90
    •  
  • 7046 S 4th Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1955
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $949
    • $0.91
    •  
  • 2035 W Atlanta Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1974
    property image
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.92
    •  
  • 2054 W Chambers Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1962
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Erick Ortiz
Prestige Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152329
Last Updated: 10/26/2020
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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