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1140 E Wildwood Drive Phoenix, AZ 85048

2 Beds 3 Baths 1,559 sqft Built 1991

$349,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $224.44
  • 2 Days on Market
  • MLS # : 6163386
  • Updated Date : 11/21/2020 at 17:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,559 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Enjoy all that Ahwatukee has to offer in this beautifully remodeled 2 bed, 2.5 bath home! Resort style living in this gated lake community. Recently renovated with new kitchen and bathroom cabinets, quartz countertops and wood-plank style flooring. The beautiful white & neutral grayscale tones throughout will compliment any interior style. Open floor plan showcases a great room with gorgeous fireplace & multiple sliders to your backyard retreat. Fabulous kitchen features new cabinets, stainless appliances, quartz countertops, and breakfast bar. Spacious master bedroom on the first floor. Beautiful loft retreat off the second upstairs bedroom suite. Community boasts highly desired amenities including a pool and spa as well as gorgeous lake. Don't miss out on this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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 La Sierra School Primary Regular 613 33 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Sierra School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,291
Property Tax -$249
Property Insurance -$58
HOA -$139
Property Management Fees -$99
CASH FLOW
-$146

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.

$349,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6903$1,9004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1140 E Wildwood Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.08
    •  
  • 1128 E Mountain Vista Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1994
    property image
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.18
    •  
  • 726 E Glenhaven Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 1994
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.09
    •  
  • 1402 E Cathedral Rock Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 1144 E Wildwood Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.28
    •  
PROPERTY LISTING DETAILS
Nicole Stevens
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163386
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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