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1534 W Windrose Drive Phoenix, AZ 85029

3 Beds 2 Baths 1,863 sqft Built 1966

INVESTimate

$375,000

List Price

$1,580

$1,422 - $1,738

Rent Est.

$408,713  ( +8.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $201.29
  • 6 Days on Market
  • MLS # : 6120899
  • Updated Date : 08/21/2020 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,863 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Nestled into the North Phoenix Mountain Preserve is this lovely 3 bedroom, 2 bath home in a very desirable area of Moon Hills! Large lot with beautiful landscaping, mountain views, NO HOA, on a quiet non-through street. Enjoy an updated kitchen with cherry cabinetry, stainless steel appliances and a gas stove, subway backsplash, granite counter tops, island and breakfast bar that opens to a spacious living room and stone stacked wood burning fireplace. Step outside and enjoy your covered patio with mountain views, in-ground spa, lush landscaping and a recently installed beautiful redwood horizontal fence. Come see this Moon Valley home before it's gone! *The home was updated 2 years ago which included the kitchen and bathrooms, new carpet, exterior paint, a new patio roof and new fixtures

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moon Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Moon Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9341737

* 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
Moon Mountain Elementary School Primary Regular 779 43 3
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Moon Mountain Elementary School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 43
3
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,384
Property Tax -$224
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$190

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.

$375,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,198

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
  • $0.85

    LIST RENT PER SQFT
  • $1,681

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5803$1,6254$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 1534 W Windrose Drive Phoenix, 2
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.85
    •  
  • 2185 W Sharon Avenue Phoenix, 1
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1973
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 2168 W Sharon Avenue Phoenix, 3
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1971
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.82
    •  
  • 13249 N 14th Drive Phoenix, 4
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 2150 W Eugie Avenue Phoenix, 5
    • 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1970
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Cinnamon Williams
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120899
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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