Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5521 S Waverly Way Tempe, AZ 85283

4 Beds 3 Baths 2,654 sqft Built 1974

$645,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $243.03
  • 2 Days on Market
  • MLS # : 6183254
  • Updated Date : 01/23/2021 at 16:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,654 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

AMAZING REMODELED in entire home that is WATERFRONT HOME in The Lakes! True 4 bedroom/2.5 bath, interior laundry room. Enjoy your FIVE exterior different decks/vignettes & walk to your private dock! The waterfront view greet you from all windows in the back and beckon to just take it all in. Wood Flooring, Travertine Stone tile to custom fireplace in great room. Then there is Family Room that overlooks water ! Chef's delights in the kitchen overlooking water.. 4 years old in total remodel. Granite, Stainless steel, large breakfast bar island. Master Suite has private balcony waterview, remodeled master bath also! Roof has been replaced by prior owner too! Backyard has so many areas to enjoy including tranquil fountain. Heated pool, Tennis courts thru The Lakes HOA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k372k

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

Neighborhood: The Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $10002037

* 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
Rover Elementary School Primary Regular 511 29 7
Rover Elementary School Middle Regular 511 29 7
Marcos De Niza High School High Regular 1,582 76 4

Rover Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 29
7
GreatSchools Rating

Rover Elementary School

  • Education Level: Middle
  • # of students: 511
  • # of teachers: 29
7
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,240
Property Tax -$425
Property Insurance -$79
HOA -$35
Property Management Fees -$99
CASH FLOW
-$328

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.

$645,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$13,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,700

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5504$2,5705$2,695
$2,695
RENT COMPS ANALYSIS
  • 5521 S Waverly Way Tempe, AZ 3
    • 4 beds 2 baths ∙ 2,654 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,654 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 5627 S Jolly Roger Road Tempe, AZ 1
    • 4 beds 4 baths ∙ 2,478 Sqft ∙ Built 1972 4 beds 4 baths ∙ 2,478 Sqft ∙ Built 1972
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
  • 1427 E Bayview Drive Tempe, AZ 2
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1972
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.93
    •  
  • 1303 E Donner Drive Tempe, AZ 4
    • 5 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971 5 beds 4 baths ∙ 2,360 Sqft ∙ Built 1971
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $1.09
    •  
  • 1004 E Riviera Drive Tempe, AZ 5
    • 4 beds 4 baths ∙ 2,456 Sqft ∙ Built 1967 4 beds 4 baths ∙ 2,456 Sqft ∙ Built 1967
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.10
    •  
PROPERTY LISTING DETAILS
Cynthia Ann Dewine
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183254
Last Updated: 01/23/2021
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.

BESbswy