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4901 W Windrose Drive Glendale, AZ 85304

3 Beds 2 Baths 1,220 sqft Built 1979

$266,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $218.03
  • 2 Days on Market
  • MLS # : 6209907
  • Updated Date : 03/20/2021 at 01:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Charming 3 bed, 2 bath home in Glendale! This fantastic property is an excellent opportunity, it offers a low-maintenance front yard, 2 car garage, and RV gate. The Interior boasts a semi-open floor plan and is ready to be remodeled with new flooring. The kitchen has tons of possibilities to be completely upgraded and transform into a new kitchen. The master bedroom has a private bathroom. The large backyard includes a full-length covered patio and convenient storage shed. Come see the potential that lives inside this H.U.D acquired property

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Parkwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Moon Valley High School High Regular 1,479 70 5

Moon Valley High School

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

$239,400$292,600$266,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$924
Property Tax -$163
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$67

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.

$266,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,240

INVESTMENT

$76,240

Down Payment
$66,500
Rehab Estimate
$5,750
Closing Costs
$3,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$924

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,500
Loan Amount $199,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$10,722

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
  • $1,177

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3504$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 4901 W Windrose Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4746 W Aster Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1978
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 14070 N 48th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1971
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 4821 W Bloomfield Road Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1975
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 5404 W Poinsettia Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1980
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
PROPERTY LISTING DETAILS
Richard A Egly
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209907
Last Updated: 03/20/2021
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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