Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3905 E Wescott Drive Phoenix, AZ 85050

3 Beds 3 Baths 1,924 sqft Built 1996

$393,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $204.26
  • 1 Days on Market
  • MLS # : 6160831
  • Updated Date : 11/14/2020 at 21:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,924 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

This very nice home in North Phoenix is situated in a quiet neighborhood on a corner lot . Conviently located near shopping, dining and near both the 101 and 51 freeways. The two story home features 3 bedrooms. 2.5 bathrooms plus a loft/sitting area that could be used as an office. The backyard is perfect for entertaining with plenty of covered patio and a unique swimming pool. Freshly repainted, the home has wood and tile flooring, granit countertops, stainless steel appliances, and vaulted ceilings. The home is move in ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trovare

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k313k

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

Neighborhood: Trovare

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341807

* 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
Quail Run Elementary School Primary Regular 723 36 8
Quail Run Elementary School Middle Regular 723 36 8
Paradise Valley High School High Regular 1,806 99 5

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Quail Run Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$353,700$432,300$393,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,450
Property Tax -$248
Property Insurance -$65
HOA -$13
Property Management Fees -$99
CASH FLOW
$135

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.

$393,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.4%
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$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$109,895

INVESTMENT

$109,895

Down Payment
$98,250
Rehab Estimate
$5,750
Closing Costs
$5,895

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,450

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,250
Loan Amount $294,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$43,822

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,001

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9254$2,0105$2,200
$2,200
RENT COMPS ANALYSIS
  • 3905 E Wescott Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.04
    •  
  • 3733 E Kerry Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 3707 E Kristal Way Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 3772 E Kerry Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2007
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.01
    •  
  • 3942 E Wescott Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
PROPERTY LISTING DETAILS
Jack Pendleton
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160831
Last Updated: 11/14/2020
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.

BESbswy