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2387 W Whisper Rock Trail Phoenix, AZ 85085

3 Beds 3 Baths 2,204 sqft Built 2018

$444,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $201.86
  • 3 Days on Market
  • MLS # : 6206100
  • Updated Date : 03/12/2021 at 03:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,204 sqft
  • Baths : 2 full , 1 half
Listing Agent

Top Realty Llc

Listing Agent's Description

Gorgeous home sitting on premium lot, with tons of on-trend features and breathtaking mountain views! Gourmet eat-in kitchen incorporates soft close cabinetry, lazy Susan, granite counters, glass tile backsplash, large island with breakfast bar, stainless appliances, gas cooktop, and double wall ovens. Other features include open great room with patio exit, spacious upstairs loft, 2 car garage, gas hot water heater, water softener, and a covered back patio. New black out blinds were just installed to both sliding doors and upstairs window. The master suite incorporates spacious walk-in closet, and a luxurious bathroom with dual sinks, and a large walk-in shower. Pillars were recently put in and gate will be added to the front entry of the home. ENERGY STAR Qualified Equipment

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k546k

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

Neighborhood: Sonoran Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342561

* 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
Barry Goldwater High School High Regular 1,856 88 4

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$400,410$489,390$444,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,545
Property Tax -$266
Property Insurance -$70
HOA -$137
Property Management Fees -$99
CASH FLOW
-$158

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.

$444,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$123,649

INVESTMENT

$123,649

Down Payment
$111,225
Rehab Estimate
$5,750
Closing Costs
$6,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,545

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,225
Loan Amount $333,675
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,425

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
  • $2,017

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,9504$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 2387 W Whisper Rock Trail Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2375 W Sleepy Ranch Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2005
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 2406 W Jake Haven Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 2004
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 31807 N 22nd Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 2003
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 32112 N 23rd Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2004
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
PROPERTY LISTING DETAILS
Megan M Janbou
Top Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206100
Last Updated: 03/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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