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3902 E Waltann Lane Phoenix, AZ 85032

3 Beds 2 Baths 1,871 sqft Built 1985

$500,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $267.24
  • 4 Days on Market
  • MLS # : 6202178
  • Updated Date : 03/06/2021 at 23:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,871 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

An amazingly remodeled home in a great North Phoenix location. This home was completely gutted and redone. Sellers spent $133,000 on remodel. Spacious great room plan featuring 3 beds, 2 baths, 2 car garage & a wonderful patio and pool. Kitchen features White Shaker Cabinets and Quartz Counters, large island, stainless appliances and over looks great room with fireplace, breakfast nook, and tremendous dining area. Both bathrooms were remodeled and feature dual sinks, shaker cabinets and quartz counters plus custom tile showers / tubs. Beautiful wood look tile throughout the entire home. Ceiling fans and designer lighting throughout this beautiful home. Windows have been replaced. All appliances and water softener convey.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silvertree

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k292k

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

Neighborhood: Silvertree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Arrowhead Elementary School Primary Regular 491 36 2
Arrowhead Elementary School Middle Regular 491 36 2
Paradise Valley High School High Regular 1,806 99 5

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,737
Property Tax -$315
Property Insurance -$64
HOA -$35
Property Management Fees -$99
CASH FLOW
-$369

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.

$500,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$6,184

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
  • $2,175

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,0004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 3902 E Waltann Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16423 N 39th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.14
    •  
  • 3802 E Kings Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 3867 E Edna Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1996
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 3847 E Marconi Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1987
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
PROPERTY LISTING DETAILS
Howard L Rudin
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202178
Last Updated: 03/06/2021
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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