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3923 W Whispering Wind Drive Glendale, AZ 85310

3 Beds 2 Baths 1,248 sqft Built 1990

$304,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $243.59
  • 3 Days on Market
  • MLS # : 6184447
  • Updated Date : 01/23/2021 at 20:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Rattler Realty, Llc

Listing Agent's Description

Upgraded Home in North Phoenix. Large family room with wood flooring. Upgraded Kitchen. 20inch tile throughout home. Tile Showers and Designer Vanities. Covered Patio. Blinds and Ceiling Fans throughout home. Wet Bar in Family Room. 2 Car garage with Security Gate in Entrance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Shadows at North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $99k271k

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

Neighborhood: Mountain Shadows at North Canyon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9071567

* 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
Desert Sage Elementary School Primary Regular 590 35 7
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Desert Sage Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 35
7
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$273,600$334,400$304,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,056
Property Tax -$181
Property Insurance -$52
HOA -$3
Property Management Fees -$99
CASH FLOW
-$91

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.

$304,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$86,310

INVESTMENT

$86,310

Down Payment
$76,000
Rehab Estimate
$5,750
Closing Costs
$4,560

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,056

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,000
Loan Amount $228,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,217

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,4954$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 3923 W Whispering Wind Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 4107 W Whispering Wind Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1992
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 3548 W Whispering Wind Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1998
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 25213 N 40th Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 3554 W Fallen Leaf Lane Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1998
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
PROPERTY LISTING DETAILS
Rumsey A Saigh
Rattler Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184447
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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