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740 E Windsong Drive Phoenix, AZ 85048

3 Beds 2 Baths 1,503 sqft Built 1995

$389,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $258.82
  • 4 Days on Market
  • MLS # : 6192644
  • Updated Date : 02/13/2021 at 05:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,503 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Wonderfully loved and upgraded home inside and out in Ahwatukee Foothills ready for a new family. Gorgeous herringbone flooring, light and bright kitchen with eat in area complete with bay window, separate dining area or work-at-home office, oversized hall bath separating bedrooms 2 and 3, inside laundry, good sized master and bath with sep bath and shower, dual pedestal sinks, wrap around walk in closet. And wait til you see the back yard - perfectly set up for our Arizona outdoor relaxing and entertaining including pool, cabana, bar and built in BBQ. EZ access to the new 202. Come see for yourself - and make this gem yours !!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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 Sierra School Primary Regular 613 33 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Sierra School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,351
Property Tax -$277
Property Insurance -$57
HOA -$6
Property Management Fees -$99
CASH FLOW
-$79

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.

$389,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$15,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,713

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5503$1,6004$1,7105$1,750
$1,750
RENT COMPS ANALYSIS
  • 740 E Windsong Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.14
    •  
  • 16013 S Desert Foothills Parkway #1120 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1997
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.09
    •  
  • 707 E Glenhaven Drive Ahwatukee, AZ 2
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1994
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.18
    •  
  • 16013 S Desert Foothills Parkway #1012 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1997
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.18
    •  
  • 426 E Redwood Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2000
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
PROPERTY LISTING DETAILS
Margy Zylder
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192644
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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