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5641 W Wood Street Phoenix, AZ 85043

4 Beds 3 Baths 2,404 sqft Built 2006

$310,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $128.95
  • 2 Days on Market
  • MLS # : 6205688
  • Updated Date : 03/13/2021 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,404 sqft
  • Baths : 3 full
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

Fantastic 4bed/3bath Phoenix home located minutes away from the new 202/South Mountain Freeway. The flowing floorplan offers a formal living room with soaring ceilings and high windows for an abundance of natural light. and a spacious open concept great room enhanced with custom paint tones and beautiful wood look and tile flooring. Stylish kitchen boasts ss appliances and a center island with breakfast bar seating, making it ideal for gathering with friends and family. Upstairs you will find a large loft, full of possibilities. Master retreat includes en suite with dual sinks, soaking tub and separate shower. The inviting backyard with covered patio and amazing mountain views is the perfect place to relax and enjoy Arizona outdoors. Don't miss out on this gem. See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: River Bend

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k293k

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

Neighborhood: River Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Betty Fairfax High School High Regular 1,903 104 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Betty Fairfax High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 104
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,077
Property Tax -$184
Property Insurance -$74
HOA -$16
Property Management Fees -$99
CASH FLOW
$131

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.

$310,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$30,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,737

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5453$1,5804$1,6755$1,895
$1,895
RENT COMPS ANALYSIS
  • 5641 W Wood Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.66
    •  
  • 5333 W Sunland Avenue Laveen, AZ 1
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2003
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.71
    •  
  • 5521 W Jones Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 2006
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.75
    •  
  • 6325 W Miami Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.70
    •  
  • 6426 W Miami Street Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,585 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,585 Sqft ∙ Built 2001
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
PROPERTY LISTING DETAILS
Marta Perez
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205688
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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