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4729 E Desert Wind Drive Phoenix, AZ 85044

3 Beds 2 Baths 1,377 sqft Built 1994

$375,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $272.33
  • 4 Days on Market
  • MLS # : 6205733
  • Updated Date : 03/12/2021 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,377 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Pride of ownership shows from front to back in this beautiful 3 bedroom, 2 bath Ahwatukee home with a gorgeous pool! Open floor plan offers 2 living spaces, a large dining space, two toned paint and a custom tile fireplace. Engineered hard wood and tile flooring throughout...no carpet! Kitchen is fully equipped with custom cabinets by Stone Creek Furniture, granite counters, tile backsplash, island and SS appliances. Master bedroom has a walk in closet and an attached bathroom retreat w/huge custom shower. Get ready for entertaining in the backyard with an extended covered patio, low maintenance faux grass and a sparkling salt water swimming pool with raised back tile wall and water features. Highly sought after Ahwatukee location is close to everything! This gem won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silverado at Crimson Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Silverado at Crimson Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene De La Esperanza School Primary Regular 530 30 8
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Esperanza School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 30
8
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,303
Property Tax -$267
Property Insurance -$54
HOA -$7
Property Management Fees -$99
CASH FLOW
-$9

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

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

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$20,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,7204$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 4729 E Desert Wind Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.25
    •  
  • 14609 S 47th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1995
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.19
    •  
  • 4749 E Desert Wind Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 1995
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.23
    •  
  • 4728 E Desert Wind Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.27
    •  
  • 4740 E Dry Creek Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1995
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.31
    •  
PROPERTY LISTING DETAILS
William Carter
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205733
Last Updated: 03/12/2021
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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