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4620 E Sheena Drive Phoenix, AZ 85032

4 Beds 2 Baths 2,214 sqft Built 1979

$440,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $198.74
  • 3 Days on Market
  • MLS # : 6162275
  • Updated Date : 11/20/2020 at 12:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,214 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Location, location, location. Nestled in a lovely area near PV Mall, the 51 & 101, on a huge lot! Lovingly cared for, this home is well maintained and sits on a large cul de sac lot. As you enter the home there is a living room/dining room area that is re-purposed as a sitting room & gym. The kitchen has a large breakfast bar, beautiful oak cabinets, newer stove & fridge and is open to the family room. The FR has a cozy fireplace and french doors to the large north facing covered patio & oversized lot. There is plenty of room for a pool, trampoline, Palapa & RV. There are 3 spacious guest bedrooms with a shared bath, and a very nice size master with french doors to the covered patio, walk in closet & a sunken tub/shower combo. Two car garage has a workshop. Don't miss storage shed too!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hunters Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k385k

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

Neighborhood: Hunters Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342009

* 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
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,623
Property Tax -$279
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$168

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.

$440,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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$0.0$5.0k$10k$15k$20k$25k

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$48,442

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
  • $2,463

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,5004$2,5955$2,775
$2,775
RENT COMPS ANALYSIS
  • 4620 E Sheena Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4610 E Joan De Arc Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1978
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
  • 5001 E Pershing Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,140 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,140 Sqft ∙ Built 1973
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 4307 E Karen Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.08
    •  
  • 4818 E Hillery Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.20
    •  
PROPERTY LISTING DETAILS
Jill Anderson
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162275
Last Updated: 11/20/2020
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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