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3030 W Windsong Drive Phoenix, AZ 85045

4 Beds 3 Baths 2,344 sqft Built 2002

$425,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $181.31
  • 5 Days on Market
  • MLS # : 6154272
  • Updated Date : 11/02/2020 at 17:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,344 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Real Estate Brokers

Listing Agent's Description

Foothills Reserve Hidden beauty with a Sparkling pool, secluded Cul-De-Sac lot and mountain views. 4 Bedroom split floor plan with a huge loft. The master bedroom is downstairs along with the 4th bedroom or (guest suite/office). Open floor plan has an upstairs loft that could be playroom,Tv room or ? Backyard is meant for entertaining with a covered patio,custom pool and pavers, Firepit and sand play area for kiddo's. The kitchen opens into the family room with it's inviting fireplace and custom built bar. Kitchen ; Granite counters, island and upgraded cabinets. Low maintenance yards and extra long driveway for parking. The new freeway has brought all the stores restaurants and more very close to home. Schools are top notch, with kyrene and Desert Vista High School. Must see!

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,568
Property Tax -$303
Property Insurance -$73
HOA -$34
Property Management Fees -$99
CASH FLOW
-$156

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.

$425,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,475

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,920

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,899

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$1,9753$1,9954$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 3030 W Windsong Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.82
    •  
  • 1851 W Hiddenview Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 16622 S 30th Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 2942 W Silver Fox Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2003
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 16026 S 27th Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 2006
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Paul Schmidt
The Real Estate Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154272
Last Updated: 11/02/2020
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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