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3111 E Wescott Drive Phoenix, AZ 85050

4 Beds 3 Baths 2,059 sqft Built 1996

$399,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $193.78
  • 4 Days on Market
  • MLS # : 6177924
  • Updated Date : 01/08/2021 at 01:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,059 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Welcome home to this beautiful open concept and pristinely cared for home that is waiting for you to plant your roots. As you enter you are greeted with neutral tones throughout with soaring vaulted ceilings. Natural light beams through each room for that perfect bright and airy feel. Call all of your friends and family over for a dinner feast in your fully equipped expansive kitchen with white shaker cabinets and endless countertop space. Head outside to your lush and colorful private backyard that boasts an extended covered patio that provides plenty of space to entertain or catch some shade under the mature trees. Located just a short drive to excellent hiking and biking trails at Phoenix Mountains, great community parks and tons of dining and shopping!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wescott Commons

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k326k

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

Neighborhood: Wescott Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621769

* 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
Sunset Canyon School Primary Regular 492 27 7
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Sunset Canyon School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 27
7
GreatSchools Rating

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,386
Property Tax -$251
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$197

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.

$399,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 3.7%
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$0.0$5.0k$10k$15k$20k

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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$42,400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,131

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9303$2,0004$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 3111 E Wescott Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19638 N 37th Way Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.01
    •  
  • 18825 N 34th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 3506 E Kerry Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.10
    •  
  • 3721 E Taro Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1991
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
John Gluch
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177924
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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