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2210 W Wethersfield Road Phoenix, AZ 85029

3 Beds 2 Baths 1,623 sqft Built 1970

$330,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $203.33
  • 2 Days on Market
  • MLS # : 6208018
  • Updated Date : 03/20/2021 at 07:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,623 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

2210 W Wethersfield Rd is a well maintained & UPDATED Phoenix gem! Perfect to call HOME or as an investment OPPORTUNITY. Enjoy MOUNTAIN VIEWS from the front & back yards! This backyard is LOADED, featuring a POOL, covered patio and a large storage/garden shed. ADDITIONAL FEATURES include: CORNER LOT, N/S Exposure, easy access to the RV GATE & abundant parking, UNIQUE design features including a huge MASTER BEDROOM with a spacious W/I Closet, family room w/ fireplace, French Doors, inside laundry room & additional storage room/workshop at the back of the house. CONVENIENT access to I-17 Freeway. Whether you are the LUCKY family to call this property home or a SAVVY investor; you won't want to miss this one.

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PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,146
Property Tax -$197
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$151

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.

$330,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,4504$1,4855$1,575
$1,575
RENT COMPS ANALYSIS
  • 2210 W Wethersfield Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 2185 W Sharon Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1973
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 2529 W Wethersfield Road Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 2328 W Altadena Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.85
    •  
  • 13129 N 21st Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jonathan Gotcher
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208018
Last Updated: 03/20/2021
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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