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3006 W Woburn Lane Phoenix, AZ 85085

4 Beds 3 Baths 2,764 sqft Built 2015

$560,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $202.60
  • 6 Days on Market
  • MLS # : 6146052
  • Updated Date : 10/30/2020 at 14:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,764 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Stunning home (4 bedroom+Den+Loft) with abundant privacy situated on one of the largest lots in gated community of Stoneledge. Significant features and upgrades adorn this home whether enjoying outdoors in the massive backyard or viewing movies in the theater area (prewired 7.1 channel surround sound, projector & screen included). In the backyard, the covered patio was extended across most of the back of the house for extra shade and cover. Travertine extends the entire patio plus all the way out to a professional custom built gazebo creating an impactful addition to the outdoor living space. The gazebo is enhanced with a prewired fan and gorgeous LED lighting on gazebo. Backyard is ready to build the pool of your dreams and still have vast space to play on the turf grass!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
Desert Mountain School Primary Regular 695 42 7
Desert Mountain School Middle Regular 695 42 7
Barry Goldwater High School High Regular 1,856 88 4

Desert Mountain School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Desert Mountain School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$2,066
Property Tax -$335
Property Insurance -$81
HOA -$92
Property Management Fees -$99
CASH FLOW
-$483

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.

$560,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,033

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,377

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,1953$2,2954$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 3006 W Woburn Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.79
    •  
  • 2643 W Gray Wolf Trail Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.86
    •  
  • 2314 W Old Paint Trail Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2006
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.85
    •  
  • 2942 W Amber Sun Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2016
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.91
    •  
  • 35210 N 26th Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
John Wenner
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6146052
Last Updated: 10/30/2020
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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