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1950 E Sheena Drive Phoenix, AZ 85022

3 Beds 2 Baths 1,851 sqft Built 1988

$427,999

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $231.23
  • 2 Days on Market
  • MLS # : 6157500
  • Updated Date : 11/06/2020 at 18:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,851 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous, well-maintained home nestled near Lookout Mountain Preserve. Countless upgrades and features to enjoy: kitchen equipped with oak cabinetry, island, recently upgraded granite countertops and tile backsplash; newly installed hickory engineered hardwood floors and vaulted ceilings throughout; Trane HVAC and water heater replaced in 2019 and 2018, respectively; exterior paint job done in 2019; plantation shutters throughout main living area with fantastic natural lighting. Enjoy a large private swimming pool with adjacent spa and impressive mountain views from the patio. Community features: park with playgrounds, tennis courts, and hiking trails all within walking distance. This home has everything needed to live comfortably and entertain with confidence.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Hidden Hills Elementary School Primary Regular 501 30 7
Hidden Hills Elementary School Middle Regular 501 30 7
Shadow Mountain High School High Regular 1,390 67 3

Hidden Hills Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Hidden Hills Elementary School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$385,199$470,799$427,999

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,579
Property Tax -$270
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$411

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.

$427,999

PROJECTED PRICE

$1,600

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,170

INVESTMENT

$119,170

Down Payment
$107,000
Rehab Estimate
$5,750
Closing Costs
$6,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,000
Loan Amount $320,999
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,990

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
  • $1,615

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7004$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 1950 E Sheena Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1832 E Friess Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1986
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 2621 E Vista Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 1742 E Winchcomb Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 15015 N 20th Place Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
PROPERTY LISTING DETAILS
Daniel Cosic
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157500
Last Updated: 11/06/2020
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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