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1703 W Dusty Wren Drive 
Phoenix, AZ
85085
4 Beds 3 Baths 2,876 sqft
Built 2010
INVESTimate
$580,000
List Price
$159,450
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PROPERTY INFO
FACTS
- Built In 2010
- Price/Sqft : $201.67
- 2 Days on Market
- MLS # : 6120280
- Updated Date : 08/25/2020 at 22:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,876 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
So lightly lived in you will be amazed. Highly sought after TW Lewis built Beauty w/ your very own private courtyard entry in gated Sonoran Foothills. AMAZING Solar grandfathered lease WOW..Gorgeous 4 bedroom, 2.5 bathroom, 3 Car split garage North Phoenix home available in prestigious 85085. TW Lewis build quality speaks for itself w/ rock solid features immediately felt. Enter the home to a large living room with massive windows showign the private lot. The kitchen features stainless, large island, granite, upgraded cabinets, & gas burning cook-top. Spacious Master suite includes soaking tub, double sinks, & glass block walk in shower. Sit by the fire place in the family or enjoy outdoor living in your desert landscaped yard complete & retractable screened patio w/ pergola over hang
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PRICE & RENT TRENDS
Neighborhood: Sonoran Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$2,140 |
| Property Tax | -$347 | |
| Property Insurance | -$83 | |
| HOA | -$181 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$400
|
||
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.
$580,000
PROJECTED PRICE
$2,450
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.43% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$159,450
LOAN DETAILS
$2,140
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $145,000 |
| Loan Amount | $435,000 |
2
YEARS SAVED
$8,761
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,186
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
1703 W Dusty Wren Drive Phoenix, 1
- 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2313 W Forest Pleasant Place Phoenix, 2
- 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2005
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,900
- $0.67
-
33105 N 23rd Avenue Phoenix, 3
- 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2005
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.79
-
32030 N 20th Lane N Phoenix, 4
- 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 2006
LEASED 03/15/19- Rent
- Rent Per SQFT
- $2,250
- $0.74
-
1812 W Bramble Berry Lane Phoenix, 5
- 4 beds 4 baths ∙ 3,078 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,078 Sqft ∙ Built 2007
LEASED 09/30/19- Rent
- Rent Per SQFT
- $2,600
- $0.84
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6120280
Last Updated: 08/25/2020
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.
