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4428 E Robin Lane Phoenix, AZ 85050

4 Beds 4 Baths 3,846 sqft Built 1997

$649,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $168.75
  • 3 Days on Market
  • MLS # : 6165379
  • Updated Date : 11/27/2020 at 15:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,846 sqft
  • Baths : 4 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Welcome to the highly desired Desert Ridge Community! This lovely home is an entertainers dream with 2 Kitchens! The wet kit has granite c-tops, maple cabinetry, double ovens, gas range/hood & a huge pantry. The dry Kitchen has granite c-tops, a 3rd oven & a large island. There are 4 generous en-suite BR's w/walk in closets, wood shutters thru-out, new light fixtures, fiber optics thru-out for ultra high speed internet, & is energy efficient with owned solar panels! The family room has an extended sitting area, a gas fireplace and built in speakers. The M-Ste has a sitting area, walk in closet, private balcony and mountain views! The M-Bath has dual sinks and a jetted tub. The amazing backyard has a covered patio, garden beds, fruit trees, pergola and stamped concrete, set up for a BBQ

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Pass at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600kPrice in $91k616k

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

Neighborhood: Sierra Pass at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800300032003400Rent in $9343493

* 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
 

$584,100$713,900$649,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$2,395
Property Tax -$466
Property Insurance -$102
HOA -$6
Property Management Fees -$99
CASH FLOW
$473

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.

$649,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$97,646

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
  • $3,836

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4503$3,7504$3,8505$3,950
$3,950
RENT COMPS ANALYSIS
  • 4428 E Robin Lane Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3993 E Hummingbird Lane Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.91
    •  
  • 22413 N 39th Terrace Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,539 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,539 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.06
    •  
  • 3962 E Morning Dove Trail Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.02
    •  
  • 4621 E Walter Way Phoenix, AZ 5
    • 5 beds 4 baths ∙ 3,943 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,943 Sqft ∙ Built 2017
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.00
    •  
PROPERTY LISTING DETAILS
Marcy Murphy
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165379
Last Updated: 11/27/2020
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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