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3142 W Wescott Drive Phoenix, AZ 85027

4 Beds 2 Baths 1,957 sqft Built 1982

$430,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $219.72
  • 2 Days on Market
  • MLS # : 6206782
  • Updated Date : 03/13/2021 at 01:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,957 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Phoenix one-story home offers a patio, and a two-car garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k303k

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

Neighborhood: Country Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7961720

* 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
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

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

$387,000$473,000$430,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,494
Property Tax -$257
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$275

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.

$430,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,519

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
  • $1,624

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4004$1,4955$1,650
$1,650
RENT COMPS ANALYSIS
  • 3142 W Wescott Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2210 W Utopia Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1979
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.83
    •  
  • 18807 N 17th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1972
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 18045 N 20th Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1972
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
  • 2111 W Topeka Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1975
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jacqueline Moore
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206782
Last Updated: 03/13/2021
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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