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7302 W Wethersfield Road Peoria, AZ 85381

5 Beds 3 Baths 3,029 sqft Built 1990

$440,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $145.26
  • 6 Days on Market
  • MLS # : 6160927
  • Updated Date : 11/18/2020 at 14:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,029 sqft
  • Baths : 3 full
Listing Agent

Devstar Realty

Listing Agent's Description

Very Clean updated 3,000sf tri-level home with 5bed,3ba on spacious cul-de-sac corner lot in friendly, no HOA neighborhood- Great living and Entertaining. Large updated farm kitchen truly is the heart of this home. Downstairs has private entrance, 2 bedrooms, huge living area, full bath and recessed lighting - perfect for aging parents or that adult child. 3 large bedrooms and 2 baths upstairs including a huge master suite. beautiful backyard with shaded patio in East and North side. Back yard water system inoperable. RV gate on side of lot and extended driveway wide enough for 3 vehicles. Tour you new home today!Chicken coop and backyard shed do not convey.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foxwood

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Foxwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Oakwood Elementary School Primary Regular 961 40 9
Oakwood Elementary School Middle Regular 961 40 9
Cactus High School High Regular 1,283 61 5

Oakwood Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 40
9
GreatSchools Rating

Oakwood Elementary School

  • Education Level: Middle
  • # of students: 961
  • # of teachers: 40
9
GreatSchools Rating

Cactus High School

  • Education Level: High
  • # of students: 1,283
  • # of teachers: 61
5
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,623
Property Tax -$239
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
$412

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.

$440,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$79,323

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,696

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4603$2,495
$2,495
RENT COMPS ANALYSIS
  • 7302 W Wethersfield Road Peoria, AZ 2
    • 5 beds 3 baths ∙ 3,029 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,029 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.81
    •  
  • 14317 N 75th Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1992
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 8214 W Acoma Drive Peoria, AZ 3
    • 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,765 Sqft ∙ Built 1979
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
Renee Alene Schneider
Devstar Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160927
Last Updated: 11/18/2020
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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