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4509 E Robin Lane Phoenix, AZ 85050

4 Beds 3 Baths 2,432 sqft Built 1998

$689,900

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $283.68
  • 2 Days on Market
  • MLS # : 6210104
  • Updated Date : 03/20/2021 at 19:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Don't miss this stunning single-level home in Desert Ridge on spacious, beautifully landscaped lot w/ sparkling Pebble Tec pool. Home exterior freshly painted, newer York HVAC units, prepaid leased solar system saving you TONS of money on electric bills. Gorgeous, open eat-in kitchen, high end cabinetry, gleaming stainless steel appliances, huge island. Spacious living & dining area, ideal space to relax and entertain.Open, comfortable family room with gas fireplace. Large primary bedroom light and bright, with great views of the amazing backyard. Elegant, well-appointed primary bathroom w/ dual sinks, large glass/tile shower, huge walk-in closet.The beautiful backyard has a large, covered patio, lush, mature landscaping, built in BBQ, pool/spa and above ground hot tub. A true dream home!

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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

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
 

$620,910$758,890$689,900

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,396
Property Tax -$435
Property Insurance -$75
HOA -$25
Property Management Fees -$99
CASH FLOW
-$39

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.

$689,900

PROJECTED PRICE

$2,990

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,574

INVESTMENT

$188,574

Down Payment
$172,475
Rehab Estimate
$5,750
Closing Costs
$10,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,396

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,475
Loan Amount $517,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$35,985

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
  • $2,955

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8504$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 4509 E Robin Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22237 N 45th Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.13
    •  
  • 23019 N 43rd Place Phoenix, AZ 3
    • 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
    •  
  • 4044 E Hamblin Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,408 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,408 Sqft ∙ Built 1996
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.23
    •  
  • 4318 E Hashknife Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2013
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.23
    •  
PROPERTY LISTING DETAILS
Max Shadle
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210104
Last Updated: 03/20/2021
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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