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3129 W Robin Lane Phoenix, AZ 85027

3 Beds 2 Baths 1,286 sqft Built 1994

$265,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $206.07
  • 2 Days on Market
  • MLS # : 6184975
  • Updated Date : 01/23/2021 at 17:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,286 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Move in and enjoy! Adorable single story property now on the market! Come and see this home offering 3 bed & 2 bath, Brand New AC low maintenance front yard, tile flooring, carpet in right places and much more. Step inside and be greeted by the living room and neutral paint. Adjacent to it is the eat-in kitchen that boasts of classic appliances and ample cabinetry, lovely family room with French door leading to the backyard patio. The charming master bedroom features its own bath with a spacious walk-in closet for all your belongings. Very private backyard with covered patio perfect to unwind after a busy day. Also includes a storage shed and per owner home has extra insulation in the ceiling and some walls,Don't let this property slip by, call for a private viewing toda

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Adobe Mountain Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Adobe Mountain Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7621567

* 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
Paseo Hills School Primary Regular 959 56 5
Paseo Hills School Middle Regular 959 56 5
Barry Goldwater High School High Regular 1,856 88 4

Paseo Hills School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 56
5
GreatSchools Rating

Paseo Hills School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 56
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$920
Property Tax -$159
Property Insurance -$52
HOA -$6
Property Management Fees -$99
CASH FLOW
$53

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$20,909

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
  • $1,337

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3903$1,4004$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 3129 W Robin Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21649 N 30th Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.96
    •  
  • 3420 W Via Del Sol Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1997
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.07
    •  
  • 3430 W Louise Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.07
    •  
  • 3138 W Williams Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
PROPERTY LISTING DETAILS
Monica Moreno
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184975
Last Updated: 01/23/2021
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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