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5102 W Whispering Wind Drive Glendale, AZ 85310

4 Beds 3 Baths 2,751 sqft Built 1980

INVESTimate

$650,000

List Price

$2,100

$1,890 - $2,310

Rent Est.

$694,525  ( +6.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $236.28
  • 7 Days on Market
  • MLS # : 6115318
  • Updated Date : 08/23/2020 at 20:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,751 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

2 HOUSES ON ONE HUGE LOT with DETACHED WORKSHOP. No HOA. Main HOUSE (2101 sq feet 3 bed,2 bath) with 2+ car attached garage, GUEST HOUSE (663 SQ FT 1 bed, 1 bath) with 1.5 car attached garage AND AIR CONDITIONED DETACHED WORKSHOP (950 SQ FT with foam insulation, 3 ton split system for heating and cooling.) The home, guest house and workshop have all been fully renovated. Newer roofs, ac, ducting, kitchens, flooring, paint etc. Move in ready with MANY custom features: kitchen bench, built in entertainment wall, butler's pantry, dual owner's suite closets etc.Relax in the huge yard with pool, spa and expansive pergola with Bose outdoor sound system, artificial turf for easy maintenance front and back, remote access electric RV gate. Home warranty included. Owner/age

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
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
 

$585,000$715,000$650,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$2,398
Property Tax -$387
Property Insurance -$81
Property Management Fees -$99
CASH FLOW
-$865

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.

$650,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$472

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
  • $2,311

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2504$2,2755$2,400
$2,400
RENT COMPS ANALYSIS
  • 5102 W Whispering Wind Drive Glendale, 1
    • 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24419 N 39 Lane Glendale, 2
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
  • 25043 N 44th Avenue Phoenix, 3
    • 5 beds 3 baths ∙ 3,013 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,013 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 5236 W Creedance Boulevard Glendale, 4
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1993
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.92
    •  
  • 24409 N 40th Avenue Glendale, 5
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1990
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Shirah W Knight
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6115318
Last Updated: 08/23/2020
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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