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4445 E Sharon Drive Phoenix, AZ 85032

4 Beds 2 Baths 2,357 sqft Built 1977

$450,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $190.92
  • 6 Days on Market
  • MLS # : 6153577
  • Updated Date : 10/31/2020 at 11:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,357 sqft
  • Baths : 2 full
Listing Agent

Tct Real Estate

Listing Agent's Description

Calling all INVESTORS and DO It Yourselfers.The location & the bones of this home are fabulous. This home boasts 4 bedrooms, 2 baths, a huge add-on that can be converted into a split master bedroom, living and family rooms. The lot is over 12,000 square feet and offers maximum privacy. The pool is huge and deep with a newer pool pump. Located in the prestigious Paradise Valley area. The roof, the HVAC, the plumbing & the electrical systems are in good working order. The home can be lived in. It will require cosmetic updates, doors, windows, windows,appliances etc.This home can be a great fixer upper AND IS PRICED accordingly. Great shopping, great schools, close to the 51 & the 101. This is a win, win location & you can have the opportunity TO CREATE YOUR HOME YOUR WAY.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roadrunner Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k351k

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

Neighborhood: Roadrunner Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341890

* 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
Indian Bend Elementary School Primary Regular 571 35 5
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,660
Property Tax -$293
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
$324

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.

$450,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.1%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$70,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,781

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5503$2,7754$2,8505$3,050
$3,050
RENT COMPS ANALYSIS
  • 4445 E Sharon Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.04
    •  
  • 4909 E Voltaire Avenue Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,197 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,197 Sqft ∙ Built 1979
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.16
    •  
  • 4818 E Hillery Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.20
    •  
  • 4201 E Sheena Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 1981
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.23
    •  
  • 4530 E Everett Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,688 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,688 Sqft ∙ Built 1988
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.13
    •  
PROPERTY LISTING DETAILS
Deborah Gordon
Tct Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153577
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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