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2905 W Windsong Drive Phoenix, AZ 85045

4 Beds 4 Baths 3,079 sqft Built 2003

INVESTimate

$449,000

List Price

$1,990

$1,791 - $2,189

Rent Est.

$468,846  ( +4.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $145.83
  • 6 Days on Market
  • MLS # : 6120468
  • Updated Date : 08/25/2020 at 14:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,079 sqft
  • Baths : 3 full , 1 half
Listing Agent

Altus Realty Llc

Listing Agent's Description

Beautiful family home on a corner lot in the Foothills Reserve community. Exterior freshly painted in 2018, offering amazing curb appeal. Perfect floor plan and space which includes a downstairs bedroom/private bathroom. Additional downstairs office space with built ins ideal for any virtual employment or schooling. Stainless steel kitchen appliances have been recently upgraded as well as plantation shutters throughout. The upstairs loft adds a second entertainment space and amazing views of the surrounding mountains. The upstairs master offers everyone's dream closet with an abundance of space and built in shelving/storage. This is one you won't want to miss!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k476k

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

Neighborhood: Foothills Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342285

* 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
Kyrene De Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,791$2,189$1,990

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$15k

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 $1,990
EXPENSES Loan Payment -$1,657
Property Tax -$327
Property Insurance -$87
HOA -$34
Property Management Fees -$99
CASH FLOW
-$213

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.

$449,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$12,920

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
  • $2,140

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1504$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2905 W Windsong Drive Phoenix, 1
    • 4 beds 4 baths ∙ 3,079 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,079 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16646 S 27th Avenue Phoenix, 2
    • 4 beds 4 baths ∙ 3,125 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,125 Sqft ∙ Built 2004
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.67
    •  
  • 16819 S 27th Avenue Phoenix, 3
    • 4 beds 3 baths ∙ 3,125 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,125 Sqft ∙ Built 2004
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.69
    •  
  • 2743 W Cottonwood Lane Phoenix, 4
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2003
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 16843 S Coleman Street Phoenix, 5
    • 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 2003
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
PROPERTY LISTING DETAILS
Hope Harris
Altus Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120468
Last Updated: 08/25/2020
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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