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8012 E Windwood Lane Scottsdale, AZ 85255

3 Beds 4 Baths 2,532 sqft Built 2003

$1,050,000

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $414.69
  • 4 Days on Market
  • MLS # : 6194567
  • Updated Date : 02/21/2021 at 00:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,532 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Updated beauty in desirable Los Vientos Raptor Retreat neighborhood in Grayhawk. This Resort style home features a heated, private pool and spa in the courtyard with detached guest Casita, perfect for enjoying the beautiful sunny weather. The kitchen is a chef's dream with granite counter tops, custom cabinetry, built-in fridge, Thermador double oven and large working island with breakfast bar seating. The open concept living area leads to back patio with pergola, built-in BBQ, and putting green - all of the entertaining essentials! Large master bedroom is your relaxation oasis with access to courtyard, it also includes an updated en-suite with double vanity, walk-in shower, his and hers walk-in closets and large soaking tub. Large, 3 car garage with epoxy floors!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k549k

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

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453434

* 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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$3,647
Property Tax -$781
Property Insurance -$77
HOA -$66
Property Management Fees -$99
CASH FLOW
-$1,120

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.

$1,050,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.34%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,550

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $3,279

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,3504$3,5005$3,550
$3,550
RENT COMPS ANALYSIS
  • 8012 E Windwood Lane Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 2,532 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,532 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.40
    •  
  • 20410 N 78th Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
  • 7711 E Thunderhawk Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1998
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
  • 21931 N 77th Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 1999
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.26
    •  
  • 7804 E Phantom Way Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.43
    •  
PROPERTY LISTING DETAILS
Jennifer Wehner
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194567
Last Updated: 02/21/2021
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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