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2858 E Sands Drive Phoenix, AZ 85050

3 Beds 3 Baths 2,085 sqft Built 2018

$575,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $275.78
  • 4 Days on Market
  • MLS # : 6198754
  • Updated Date : 02/25/2021 at 01:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,085 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Better than new 2 year old home in the resort style community of Sky Crossing has a large backyard with lush artificial grass and colorful plantings. The modern kitchen boasts gray cabinets, granite counters, stainless steel appliances, a large center island w/an array of contemporary pendant lights, & a walk-in pantry accented by a custom barn door. The kitchen opens to the cafe & the gathering room which has a tiled fireplace & built-in media center & a sliding glass door which provides easy access to the extended covered patio running the length of the house. Upstairs the owners suite benefits from gorgeous mountain views and the owners bath has dual sinks, a large shower w/seat & an oversize walk-in closet. There are 2 additional bedrooms, laundry room, hall bathroom & a spacious loft.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k417k

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

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342582

* 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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,997
Property Tax -$362
Property Insurance -$68
HOA -$112
Property Management Fees -$99
CASH FLOW
-$348

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.

$575,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,492

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
  • $2,966

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,6004$2,8955$3,200
$3,200
RENT COMPS ANALYSIS
  • 2858 E Sands Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23409 N 25th Terrace Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2007
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.26
    •  
  • 21244 N 36th Place Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2012
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
  • 3249 E Louise Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 2018
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.47
    •  
  • 3318 E Louise Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2020
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.57
    •  
PROPERTY LISTING DETAILS
Jacie Coleman
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198754
Last Updated: 02/25/2021
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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