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3648 W Wahalla Lane Glendale, AZ 85308

2 Beds 2 Baths 1,166 sqft Built 1989

$320,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $274.44
  • 2 Days on Market
  • MLS # : 6212679
  • Updated Date : 03/28/2021 at 05:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,166 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

A remarkable single level Glendale home is now available on a cul-de-sac lot in Beardsley Park. Providing great curb appeal and easy care gravel landscaping. You will absolutely love this welcoming interior complete with wood-looking tile flooring, new interior & Exterior neutral paint, new carpet in bed rooms, spacious den perfect for home office, living & dining room with fireplace, gleaming kitchen offering new track lighting, new granite counter-tops, larger garden window and upgraded stainless steel appliances. Inside this unique master suite you will find a private exit and spotless bathroom with new granite & dual sinks. Roof under warranty. AC replaced within 5 yrs. New custom lighting and Fans. NO HOA!!! Great location near 101. UPGRADES THROUGH O

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Beardsley Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: Beardsley Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8921567

* 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
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$1,111
Property Tax -$191
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$261

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.

$320,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,282

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,183

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0953$1,190
$1,190
RENT COMPS ANALYSIS
  • 3648 W Wahalla Lane Glendale, AZ 3
    • 2 beds 2 baths ∙ 1,166 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,166 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.02
    •  
  • 3820 W Quail Avenue Glendale, AZ 1
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1976
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.99
    •  
  • 18837 N 34th Drive #4 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1985
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $1.04
    •  
PROPERTY LISTING DETAILS
Sabrina Watson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212679
Last Updated: 03/28/2021
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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