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3738 W Willow Avenue Phoenix, AZ 85029

3 Beds 2 Baths 1,435 sqft Built 1981

$325,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $226.48
  • 2 Days on Market
  • MLS # : 6184773
  • Updated Date : 01/23/2021 at 00:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,435 sqft
  • Baths : 2 full
Listing Agent

Rimsza Realty

Listing Agent's Description

NEW PAINT INSIDE AND OUT NEW CARPET PROPERTY HAS UPDATED KITCHEN WITH GRAINET COUNTERS AND APLIANCES AND BATHES HUDGE CUL-DE-SAC WITH UP DATED POOL, RV PARKING AND HE SED AND SHE SHED

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westcliff Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k277k

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

Neighborhood: Westcliff Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8711567

* 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
Chaparral Elementary School Primary Regular 500 34 5
Desert Foothills Junior High School Middle Regular 660 32 6
Moon Valley High School High Regular 1,479 70 5

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 34
5
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,129
Property Tax -$194
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$157

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.

$325,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,585

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
  • $1,399

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4493$1,4504$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 3738 W Willow Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4011 W Wood Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.98
    •  
  • 3838 W Dailey Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 4035 W Joan De Arc Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1981
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 12823 N 38th Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1972
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
PROPERTY LISTING DETAILS
Bill W Rimsza
Rimsza Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184773
Last Updated: 01/23/2021
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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