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3906 E Waller Lane Phoenix, AZ 85050

5 Beds 5 Baths 3,493 sqft Built 2007

$725,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $207.56
  • 3 Days on Market
  • MLS # : 6204037
  • Updated Date : 03/12/2021 at 14:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,493 sqft
  • Baths : 4 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Incredible opportunity in an outstanding neighborhood with an awesome community center. This 5 bedroom 4.5 bathroom home is loaded with upgrades including, new stainless steel appliances, new carpet, granite countertops, wood floors, ceiling fans, built in BBQ, premium lot and much more. Extremely clean, freshly painted, and ready for immediate move in. Community center offers heated pools, spa, exercise room and classes, family events, clubs and more. Convenient Desert Ridge location near Mayo, AMEX, AZ 51 and 101. Don't wait, this one will go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fireside

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Fireside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342898

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,518
Property Tax -$458
Property Insurance -$95
HOA -$157
Property Management Fees -$99
CASH FLOW
$83

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.

$725,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$46,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,685

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,410
1$3,4102$3,5503$3,6954$3,7505$3,900
$3,900
RENT COMPS ANALYSIS
  • 3906 E Waller Lane Phoenix, AZ 1
    • 5 beds 5 baths ∙ 3,493 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,493 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $0.98
    •  
  • 21437 N 39th Way Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2009
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.00
    •  
  • 3811 E Quail Avenue Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2008
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.04
    •  
  • 22413 N 39th Terrace Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,539 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,539 Sqft ∙ Built 2004
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.06
    •  
  • 3941 E Half Hitch Place Phoenix, AZ 5
    • 5 beds 5 baths ∙ 3,493 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,493 Sqft ∙ Built 2007
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.12
    •  
PROPERTY LISTING DETAILS
Dan Ward
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204037
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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