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2005 E Sheena Drive Phoenix, AZ 85022

4 Beds 3 Baths 2,019 sqft Built 1984

INVESTimate

$439,900

List Price

$1,680

$1,512 - $1,848

Rent Est.

$465,414  ( +5.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $217.88
  • 1 Days on Market
  • MLS # : 6122696
  • Updated Date : 08/26/2020 at 02:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,019 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Your search ends here now! You didn't think a home would have it all, BUT THIS ONE DOES! The owners of this home spared no expense- vaulted ceilings, granite counter tops, solid wood cabinets, new plank tile flooring, Porter Barn wood around a new fireplace, all bathrooms remodeled, brand new pool which includes Pebble Tec, new plumbing, new variable speed pool pump, new sun deck and splash pad! Can't forget the mountain views! TOO MANY UPGRADES TO LIST. Whether you are a fan of the outdoors or the city life, this location has it all. Close to shopping, dining, and the 51 freeway, but also close to some of the top rated hiking and biking trails that the city has to offer. COME SEE THIS HOME NOW BEFORE IT'S TOO LATE!

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,623
Property Tax -$277
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$386

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.

$439,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.80%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,226

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
  • $1,762

    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
  • 2005 E Sheena Drive Phoenix, 1
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1832 E Friess Drive Phoenix, 2
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1986
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 2621 E Vista Drive Phoenix, 3
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 1742 E Winchcomb Drive Phoenix, 4
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 15015 N 20th Place Phoenix, 5
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
PROPERTY LISTING DETAILS
Dominique Martinez
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122696
Last Updated: 08/26/2020
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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