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5402 E Windsor Avenue #4 Phoenix, AZ 85008

2 Beds 2 Baths 1,161 sqft Built 1985

$225,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $193.80
  • 7 Days on Market
  • MLS # : 6161050
  • Updated Date : 11/16/2020 at 10:37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,161 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This well-cared for, SINGLE LEVEL 1st floor townhome in the highly sought after and quaint Windsor Gardens in the perfect location between Phoenix and Scottsdale won't last long! The perfect 2bd/2ba corner unit with a spacious layout, tile flooring throughout, two exterior patios, interior storage under stairs, inside washer and dryer, and private master en suite is what makes this home so special! 1 Carport Space and 1 Additional Parking Spot. Enjoy the community pool and spa! Close to freeway access and convenient location to either Old Town Scottsdale or Downtown Phoenix.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Windsor Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $64k271k

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

Neighborhood: Windsor Gardens

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8531567

* 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
Griffith Elementary School Primary Regular 734 39 2
Griffith Elementary School Middle Regular 734 39 2
Camelback High School High Regular 2,048 110 4

Griffith Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Griffith Elementary School

  • Education Level: Middle
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$202,500$247,500$225,000

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 -$830
Property Tax -$133
Property Insurance -$50
HOA -$255
Property Management Fees -$99
CASH FLOW
-$47

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.

$225,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,119

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
  • $1,390

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1903$1,2504$1,2505$1,275
$1,275
RENT COMPS ANALYSIS
  • 5402 E Windsor Avenue #4 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,161 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,161 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5525 E Thomas Road #h5 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 982 Sqft ∙ Built 1974 2 beds 2 baths ∙ 982 Sqft ∙ Built 1974
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.21
    •  
  • 5525 E Thomas Road #o5 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 982 Sqft ∙ Built 1974 2 beds 2 baths ∙ 982 Sqft ∙ Built 1974
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.27
    •  
  • 2838 N 49th Place Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,078 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,078 Sqft ∙ Built 1979
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.16
    •  
  • 5126 E Monte Vista Road Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,104 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,104 Sqft ∙ Built 1973
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.15
    •  
PROPERTY LISTING DETAILS
Kandis Palmer
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161050
Last Updated: 11/16/2020
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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