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4448 E Walatowa Street E Phoenix, AZ 85044

3 Beds 2 Baths 1,670 sqft Built 1983

$329,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $197.54
  • 2 Days on Market
  • MLS # : 6163533
  • Updated Date : 11/21/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Henderson Real Estate

Listing Agent's Description

*Fixer Upper*, Lots of potentials to make this your own little gem in the desert. Well located in the Ahwatukee 55 plus community. Needs upgrades and some TLC. Large backyard with oversized pool. The Pool needs to be recoated. Great location. Close to Safeway and shopping, I-10, and the Ahwatukee Recreation Center. Price reduced to reflect condition. The quality furniture is available under separate contract.Please make sure the stick is in the sliding door at the rear of the property when you leave.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,217
Property Tax -$235
Property Insurance -$60
HOA -$6
Property Management Fees -$99
CASH FLOW
$113

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.

$329,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$36,258

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
  • $1,912

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,7954$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 4448 E Walatowa Street E Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4369 E Pearce Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1979
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 10455 S 44th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.16
    •  
  • 4844 E Capistrano Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.14
    •  
  • 10212 S 43rd Court Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1979
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.17
    •  
PROPERTY LISTING DETAILS
Allen D. Henderson
Henderson Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163533
Last Updated: 11/21/2020
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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