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3132 E Windrose Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,933 sqft Built 1974

INVESTimate

$382,500

List Price

$1,910

$1,719 - $2,101

Rent Est.

$412,526  ( +7.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $197.88
  • 8 Days on Market
  • MLS # : 6113258
  • Updated Date : 08/23/2020 at 21:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,933 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Owner Agent! Welcome home! Home is located in highly desirable area! No HOA! Home has open interior concept. Matching granite in kitchen and bathrooms. Kitchen has stainless steel appliances and charming backsplash. The kitchen island is a great place to gather and eat! Wood blinds on every window. Oversize travertine tiles throughout the home. Spacious bedrooms. Home has over-size master suite with two closets and an exit to the pool/backyard. Home has huge diving swim pool! Whether you are in the front yard or backyard you will enjoy peaceful mountain views! Two car detached garage. Close to freeway and shopping. Minutes from downtown! Must see! Roof completed 8/2020 with 5-year warranty. New carpet to be installed in all three bedrooms 8/26/2020. HVAC replaced 2015 Hot water heater 2016

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k276k

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

Neighborhood: Paradise Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Larkspur Elementary School Primary Regular 517 34 4
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 34
4
GreatSchools Rating

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$344,250$420,750$382,500

PURCHASE PRICE

$1,719$2,101$1,910

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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 $1,910
EXPENSES Loan Payment -$1,411
Property Tax -$241
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$94

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.

$382,500

PROJECTED PRICE

$1,910

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,113

INVESTMENT

$107,113

Down Payment
$95,625
Rehab Estimate
$5,750
Closing Costs
$5,738

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,411

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,625
Loan Amount $286,875
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$38,615

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
  • $2,049

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,9004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 3132 E Windrose Drive Phoenix, 1
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12629 N 33rd Street Phoenix, 2
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1973
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 3511 E Dahlia Drive Phoenix, 3
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1972
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 2835 E Pershing Avenue Phoenix, 4
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1972
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.15
    •  
  • 3046 E Emile Zola Avenue Phoenix, 5
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
PROPERTY LISTING DETAILS
Nicole L Zuccaro
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6113258
Last Updated: 08/23/2020
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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