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7238 W Wood Street 
Phoenix, AZ
85043
3 Beds 2 Baths 1,715 sqft
Built 2014
INVESTimate
$259,900
List Price
$74,624
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $151.55
- 3 Days on Market
- MLS # : 6121925
- Updated Date : 08/24/2020 at 13:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,715 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT!! Come see this single story home in Sienna Vista! This home offers fresh interior paint and new carpet. Lots of natural light for an open feel. Just off the entry is a den, with a spacious living/dining room toward the back of the home. The kitchen features granite countertops, an island and breakfast bar, and stainless steel appliances. The primary bedroom has a full ensuite bathroom with dual sinks, separate shower and tub and a walk in closet. The backyard has a covered patio and grass area for pets. Close the community playground and picnic area. Come see!
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PRICE & RENT TRENDS
Neighborhood: Sienna Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sienna Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$151 | |
| Property Insurance | -$61 | |
| HOA | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$103
|
||
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.
$259,900
PROJECTED PRICE
$1,450
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.06% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,624
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
7.5
YEARS SAVED
$28,371
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,466
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
7238 W Wood Street Phoenix, 4
- 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
7225 W Forest Grove Avenue Phoenix, 1
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,345
- $0.87
-
7343 W Raymond Street Phoenix, 2
- 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2001
LEASED 10/16/19- Rent
- Rent Per SQFT
- $1,350
- $0.88
-
3426 S 72nd Lane Phoenix, 3
- 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2005
LEASED 10/10/19- Rent
- Rent Per SQFT
- $1,395
- $0.81
-
7639 W Riverside Avenue Phoenix, 5
- 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,549
- $0.86
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121925
Last Updated: 08/24/2020
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.
