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1120 E Winston Drive 
Phoenix, AZ
85042
5 Beds 2 Baths 2,080 sqft
Built 1970
INVESTimate
$269,900
List Price
$77,274
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PROPERTY INFO
FACTS
- Built In 1970
- Price/Sqft : $129.76
- 2 Days on Market
- MLS # : 6122299
- Updated Date : 08/25/2020 at 10:42
CONSTRUCTION
- Beds : 5
- Floor Size : 2,080 sqft
- Baths : 2 full
Listing Agent
Petersen Realty
Listing Agent's Description
This home is not lacking in space whatsoever. Home has been completely updated and is ready for its new homeowners. Property features five bedrooms two bathrooms, kitchen with granite style tiles and a stainless steel farm sink. Bathrooms have been completely updated with custom tile work. There is a large great room off of the kitchen that steps down with two extra bedrooms and plenty of storage area including Inside laundry room. Backyard is good size with a built-in fire pit outside storage area and side drive with RV gate. Welcome home~
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PRICE & RENT TRENDS
Neighborhood: Daniel Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Daniel Manor
* 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 | $1,490 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$175 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$152
|
||
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.
$269,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
8.5
YEARS SAVED
$35,592
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,872
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
1120 E Winston Drive Phoenix, 1
- 5 beds 2 baths ∙ 2,080 Sqft ∙ Built 1970 5 beds 2 baths ∙ 2,080 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7061 S 14th Street Phoenix, 2
- 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 1987
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,749
- $0.90
PROPERTY LISTING DETAILS
Petersen Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122299
Last Updated: 08/25/2020
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.
