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2032 W Windrose Drive Phoenix, AZ 85029

3 Beds 2 Baths 1,053 sqft Built 1971

$235,000

List Price

$1,050

$945 - $1.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $223.17
  • 4 Days on Market
  • MLS # : 6156733
  • Updated Date : 11/06/2020 at 11:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,053 sqft
  • Baths : 2 full
Listing Agent

Vacay Az

Listing Agent's Description

Just listed!! Great opportunity in northern Phoenix. Perfect home for a first time home buyer, a family or an investor! This clean 3 bedroom, 1.75 bathroom home has a simple floor plan that is easy to navigate. Good sized one car garage. Large backyard that is fully landscaped consists of a great size patio to enjoy your morning coffee, large turf patch to workout, do some yoga or for your pets to enjoy. NO HOA! Close to mountains with mountain views from the front and backyard. Hard to find something this clean and simple!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Canyon Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8471567

* 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
Shaw Butte Elementary School Primary Regular 1,011 48 3
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Shaw Butte Elementary School

  • Education Level: Primary
  • # of students: 1,011
  • # of teachers: 48
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
 

$211,500$258,500$235,000

PURCHASE PRICE

$945$1,155$1,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,050
EXPENSES Loan Payment -$867
Property Tax -$140
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$104

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.

$235,000

PROJECTED PRICE

$1,050

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,599

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
  • $1,040

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9003$1,1494$1,2505$1,295
$1,295
RENT COMPS ANALYSIS
  • 2032 W Windrose Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11029 N 16th Avenue Phoenix, AZ 2
    • 3 beds 1 baths ∙ 900 Sqft ∙ Built 1964 3 beds 1 baths ∙ 900 Sqft ∙ Built 1964
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $1.00
    •  
  • 2928 W Cactus Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1960
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $1.00
    •  
  • 2502 W Larkspur Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1962
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 14225 N 26th Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1981
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jack Walker
Vacay Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156733
Last Updated: 11/06/2020
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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