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4617 E Hamblin Drive Phoenix, AZ 85050

4 Beds 2 Baths 2,408 sqft Built 1997

$650,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $269.93
  • 2 Days on Market
  • MLS # : 6165366
  • Updated Date : 11/28/2020 at 12:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,408 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This 4 bed, 2 bath, 2408 sqft home in the desirable Desert Ridge community hosts an ideal layout with two separate living areas, 3 car garage, and quality finishes throughout. Travertine floors, granite countertops, open kitchen, large windows in each room, custom baths, fireplace in the family room, and so much more. An extra den offers the ability for another bedroom or a great office space. A gorgeous entertaining backyard right off the kitchen includes a built in bbq, large pool, and a grand covered patio. Perfect proximity to 101/51 freeway, great schools, shopping, & more.

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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,398
Property Tax -$409
Property Insurance -$74
HOA -$6
Property Management Fees -$99
CASH FLOW
-$277

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.

$650,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.42%

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$1.8M

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$22,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,980

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,710
1$2,7102$2,7953$2,8504$3,1005$3,195
$3,195
RENT COMPS ANALYSIS
  • 4617 E Hamblin Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,408 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,408 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.13
    •  
  • 4728 E Parkside Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 2017
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.22
    •  
  • 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
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.27
    •  
  • 4318 E Hashknife Road Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2013
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.23
    •  
  • 4825 E Daley Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 1996
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.23
    •  
PROPERTY LISTING DETAILS
Brooke Francis
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165366
Last Updated: 11/28/2020
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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