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3739 E Winchcomb Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,637 sqft Built 1974

$465,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $284.06
  • 3 Days on Market
  • MLS # : 6179662
  • Updated Date : 01/16/2021 at 15:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,637 sqft
  • Baths : 1 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Welcome home to this centrally located top to bottom remodel. After walking through the perfectly desert landscaped front yard you'll be greeted by a very spacious open floor plan combining the living room, kitchen and great room. Allowing you to experience a truly amazing open floor plan perfect for entertaining. The kitchen overlooks the great room with a beautiful accent wall that leads out to your amazing backyard, Complete with a newly refinished diving pool and fresh turf laid down underneath your personal shade tree. Inside the home you will find 3 very generously sized bedrooms along with a very convenient flex space that could be used as a office/den/nursery.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8541567

* 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
Arrowhead Elementary School Primary Regular 491 36 2
Arrowhead Elementary School Middle Regular 491 36 2
Paradise Valley High School High Regular 1,806 99 5

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,615
Property Tax -$293
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$436

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.

$465,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,645

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,6303$1,6454$1,6995$1,700
$1,700
RENT COMPS ANALYSIS
  • 3739 E Winchcomb Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.00
    •  
  • 3553 E Gelding Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1979
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.93
    •  
  • 3518 E Friess Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1969
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.98
    •  
  • 14016 N 37th Way Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1970
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.08
    •  
  • 3508 E Acoma Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
PROPERTY LISTING DETAILS
Daniel A. Leclaire
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179662
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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