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4415 E Wayland Road Phoenix, AZ 85040

4 Beds 2 Baths 1,634 sqft Built 1977

$325,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $198.90
  • 5 Days on Market
  • MLS # : 6197561
  • Updated Date : 02/24/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,634 sqft
  • Baths : 1 full , 1 half
Listing Agent

The Brokery

Listing Agent's Description

Nestled in between Tempe, South Mountain, and Ahwatukee, this updated ranch home is situated on a corner lot and offers easy access to I-10 freeway, US-60 freeway, and Phoenix Sky Harbor airport. As you walk in, you are greeted by an open floor plan, vaulted ceilings, and a lengthy list of desirable upgrades - including porcelain wood-look flooring, granite countertops, white shaker style cabinetry, dual pane windows, french patio doors, contemporary tile backsplashes, and newer stainless steel appliances. With 4 bedrooms, 2 bathrooms, an indoor laundry room, and a spacious 2 car carport, this ideal layout offers everything the modern buyer wants. The backyard features a covered patio, lush green grass, and plenty of room for garden beds and playground equipment. Show it before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Braemar East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Braemar East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6491567

* 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
Wood Elementary School Primary Regular 582 33 4
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Wood Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 33
4
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,129
Property Tax -$156
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$143

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.

$325,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,300
$1,300
RENT COMPS ANALYSIS
  • 4415 E Wayland Road Phoenix, AZ
    • 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Alexander Molleo
The Brokery
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197561
Last Updated: 02/24/2021
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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