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4035 E Hamblin Drive Phoenix, AZ 85050

4 Beds 2 Baths 2,252 sqft Built 1996

$617,400

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $274.16
  • 5 Days on Market
  • MLS # : 6152010
  • Updated Date : 10/31/2020 at 16:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,252 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome home! This gorgeous, extensively updated split-floor plan, is priced to sell! Located in the sought after Desert Ridge community near several walking paths & parks within the prestigious Paradise Valley School District. No expense spared while updating this family home! From cabinets and granite throughout the home, including the kitchen, bathrooms, laundry room, even down to the entry way drop area to the stone fireplace, wood plank tile flooring, base boards, paint, appliances and shutters. The oversized backyard is inviting and private with only single level homes adjacent with a covered patio, eat in BBQ bar, refreshing pool and expansive synthetic grass. This home is move in ready! Going live on Friday 10/30. Extended open house hours through the weekend Friday to Sunday.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
Desert Trails Elementary School Primary Regular 525 33 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Desert Trails Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 33
9
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$555,660$679,140$617,400

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,278
Property Tax -$389
Property Insurance -$71
HOA -$5
Property Management Fees -$99
CASH FLOW
-$212

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.

$617,400

PROJECTED PRICE

$2,630

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,361

INVESTMENT

$169,361

Down Payment
$154,350
Rehab Estimate
$5,750
Closing Costs
$9,261

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,278

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,350
Loan Amount $463,050
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$24,785

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,877

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6303$2,8004$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 4035 E Hamblin Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.17
    •  
  • 23010 N 41st Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2010
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.16
    •  
  • 21842 N 40th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1998
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.29
    •  
  • 23019 N 43rd Place Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2009
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.27
    •  
  • 4009 E Expedition Way Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2012
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.39
    •  
PROPERTY LISTING DETAILS
Jonathan Thorpe
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152010
Last Updated: 10/31/2020
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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