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3930 W Wood Drive Phoenix, AZ 85029

3 Beds 2 Baths 1,435 sqft Built 1980

INVESTimate

$270,000

List Price

$1,380

$1,242 - $1,518

Rent Est.

$288,171  ( +6.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $188.15
  • 6 Days on Market
  • MLS # : 6120745
  • Updated Date : 08/21/2020 at 12:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,435 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy One

Listing Agent's Description

INVESTOR ONLY OPPORTUNITY WITH TENANT ALREADY IN PLACE. This 3 bedroom, 2 bathroom home WITH POOL AND FIREPLACE has been remodeled with updated kitchen and bathrooms, tile in main living areas and carpet in the bedrooms. Open concept kitchen to living room with wood burning fireplace and formal dining room. Kitchen boasts white cabinets and Stainless steel appliances! Large master bedroom with gorgeously remodeled bathroom with double sinks, walk-in shower and walk-in closet. Two other bedrooms are also nicely sized and guest bathroom beautifully remodeled. Vacation in your own backyard with covered patio, matured trees and sparkling POOL! Home is close to shopping, dining, ASU Campus and freeway access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westcliff Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k277k

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

Neighborhood: Westcliff Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8711567

* 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
Chaparral Elementary School Primary Regular 500 34 5
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 34
5
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$996
Property Tax -$161
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$69

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.

$270,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$27,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,388

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,3953$1,4494$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 3930 W Wood Drive Phoenix, 1
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.96
    •  
  • 12602 N 38th Avenue Phoenix, 2
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1972
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 4011 W Wood Drive Phoenix, 3
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.98
    •  
  • 4035 W Joan De Arc Avenue Phoenix, 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1981
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 4129 W Windrose Drive Phoenix, 5
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1978
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lynette Clemens
Keller Williams Legacy One
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120745
Last Updated: 08/21/2020
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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