Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9415 W Willow Bend Lane Phoenix, AZ 85037

4 Beds 2 Baths 1,924 sqft Built 2019

$359,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $187.06
  • 3 Days on Market
  • MLS # : 6184697
  • Updated Date : 01/22/2021 at 22:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,924 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single level home in gated Western Enclave! Tile in the main living areas and carpet in the bedrooms. Open floorplan with lots of natural light throughout. The kitchen features granite countertops with a breakfast bar, a walk in pantry, and stainless steel appliances including a gas range. The primary bedroom has an ensuite bathroom with dual sinks and a huge walk in closet. The backyard has a covered patio, artificial grass area, and storage shed. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Pendergast Elementary School Primary Regular 784 33 3
Pendergast Elementary School Middle Regular 784 33 3
Copper Canyon High School High Regular 2,251 82 1

Pendergast Elementary School

  • Education Level: Primary
  • # of students: 784
  • # of teachers: 33
3
GreatSchools Rating

Pendergast Elementary School

  • Education Level: Middle
  • # of students: 784
  • # of teachers: 33
3
GreatSchools Rating

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,250
Property Tax -$223
Property Insurance -$65
HOA -$118
Property Management Fees -$99
CASH FLOW
-$234

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.

$359,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,525

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,5203$1,5504$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 9415 W Willow Bend Lane Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.79
    •  
  • 9233 W Mackenzie Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,724 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.80
    •  
  • 4701 N 91st Lane Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 9328 W Pasadena Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 9202 W Coolidge Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184697
Last Updated: 01/22/2021
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.

BESbswy