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7117 W Winslow Avenue Phoenix, AZ 85043

3 Beds 2 Baths 1,551 sqft Built 2006

$295,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $190.20
  • 2 Days on Market
  • MLS # : 6183043
  • Updated Date : 02/13/2021 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,551 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Get ready to fall in love with this move in ready home that truly has it all! This open layout has 3 spacious bedrooms, 2 bathrooms plus a bonus den/office space. This light and bright, open floor plan has vaulted ceilings, a huge master bedroom with double sinks, and separate tub and shower. All appliances are also included! Did I mention the spacious 2 car garage too? The backyard is an entertainer's delight with artificial turf, sparkling pool with water features, and covered patio. You'll love the privacy this backyard offers. Located close to schools and easy freeway access. You won't want to miss out on this beautiful home!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sienna Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sienna Vista

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
Tuscano Elementary School Primary Regular 719 34 4
Western Valley Middle School Middle Regular 795 41 3
Sierra Linda High School High Regular 1,883 72 1

Tuscano Elementary School

  • Education Level: Primary
  • # of students: 719
  • # of teachers: 34
4
GreatSchools Rating

Western Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 41
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,025
Property Tax -$171
Property Insurance -$57
HOA -$78
Property Management Fees -$99
CASH FLOW
-$170

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.

$295,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.1%
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-$4.0k-$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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,402

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,361

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3453$1,3954$1,3955$1,435
$1,435
RENT COMPS ANALYSIS
  • 7117 W Winslow Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.81
    •  
  • 7225 W Forest Grove Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.87
    •  
  • 7241 W Williams Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 2815 S 74th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2007
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 6527 W Toronto Way Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.89
    •  
PROPERTY LISTING DETAILS
Ashley Nava
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183043
Last Updated: 02/13/2021
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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