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3002 W Wethersfield Road Phoenix, AZ 85029

4 Beds 2 Baths 1,702 sqft Built 1959

$335,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $196.83
  • 3 Days on Market
  • MLS # : 6172966
  • Updated Date : 12/18/2020 at 17:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,702 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

WOW! FULL REMODEL !! SPECTACULAR GREATROOM FLOORPLAN! If you have a motorhome, this is your next home! Huge 40'x 20' w/ separate fence & large gate off corner lot for easy parking, FULLY SLABBED! NEWER cabinets, all NEW Quartz Counters, New Kitchen layout w/ HUGE island, NEWER Interior doors & closet doors & exterior front door, new hardware, two tone paint, plank flooring, carpet, epoxy outside, NEW ceiling fans and light fixtures, plumbing fixtures, vanities, toilets, brand NEW TUB & tile surround, BRAND NEW designer tile walk-in shower, NEW desert landscaping & drippers w/ timer, NEW SPARKLING FULLY REMODELED FENCED DIVING POOL! Comes with Ring accessories.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westown

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Westown

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
Sahuaro Elementary School Primary Regular 599 29 5
Sahuaro Elementary School Middle Regular 599 29 5
Moon Valley High School High Regular 1,479 70 5

Sahuaro Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 29
5
GreatSchools Rating

Sahuaro Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 29
5
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,236
Property Tax -$200
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$25

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.

$335,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$22,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,438

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,4493$1,4504$1,4505$1,570
$1,570
RENT COMPS ANALYSIS
  • 3002 W Wethersfield Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.92
    •  
  • 11629 N 31 Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1967
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.78
    •  
  • 3414 W Cactus Road Phoenix, AZ 2
    • 5 beds 2 baths ∙ 1,576 Sqft ∙ Built 1961 5 beds 2 baths ∙ 1,576 Sqft ∙ Built 1961
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.92
    •  
  • 12425 N 30th Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 2529 W Wethersfield Road Phoenix, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Stacy Miller
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172966
Last Updated: 12/18/2020
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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