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4006 W Whispering Wind Drive Glendale, AZ 85310

3 Beds 2 Baths 1,248 sqft Built 1990

$300,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $240.38
  • 2 Days on Market
  • MLS # : 6184862
  • Updated Date : 01/23/2021 at 03:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Don't miss this immaculately maintained home that displays true pride of ownership! Large, open great room has space for both a living area and formal dining. Eat-in kitchen has plenty of natural light, access to the patio and separate pantry. Master suite has a private patio entrance, and en suite bathroom. Other home features include: NO carpet anywhere, sizeable spare bedrooms and bathroom, newer neutral paint and light fixtures in the great room, beautiful fireplace, indoor laundry and 2 car garage! The beautifully landscaped backyard has a large covered patio, perfect for enjoying the AZ weather year round. Fantastic location close to shopping, restaurants, parks and entertainment, and just minutes from the 101 and I-17 freeways. Must see!

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
 

$270,000$330,000$300,000

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 -$1,042
Property Tax -$179
Property Insurance -$52
HOA -$3
Property Management Fees -$99
CASH FLOW
-$55

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.

$300,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.44%

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,993

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
  • $1,236

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,5004$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 4006 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
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 25213 N 40th Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 25242 N 40th Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 25404 N 41st Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
PROPERTY LISTING DETAILS
Annette Sharp
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184862
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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