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4705 E Sands Drive Phoenix, AZ 85050

4 Beds 3 Baths 2,472 sqft Built 1996

$624,900

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $252.79
  • 3 Days on Market
  • MLS # : 6159828
  • Updated Date : 11/13/2020 at 14:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,472 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Stunning, highly upgraded home in the heart of Desert Ridge with beautiful designer touches. EXTENSIVE remodel of kitchen and all 3 bathrooms, new interior, exterior paint, new flooring throughout, newly landscaped backyard, upgraded fixtures, much more. Open, spacious eat-in kitchen, sparkling quartz counters, gleaming stainless steel appliances, large island w/ breakfast bar. Comfortable family room w/ gas fireplace, formal living room w/ custom wainscotting, and elegant formal dining room. 4 bedrooms upstairs, all w/ rich bamboo flooring. Primary bedroom is light and open w/ vaulted ceilings, huge walk in closet. Elegant primary bathroom w/ dual sinks, separate tub and shower. Beautifully landscaped resort-like backyard, large covered patio, sparkling Pebble Tec pool, extended pavers.

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
 

$562,410$687,390$624,900

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,306
Property Tax -$394
Property Insurance -$75
HOA -$37
Property Management Fees -$99
CASH FLOW
-$300

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.

$624,900

PROJECTED PRICE

$2,610

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

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$171,349

INVESTMENT

$171,349

Down Payment
$156,225
Rehab Estimate
$5,750
Closing Costs
$9,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,225
Loan Amount $468,675
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$18,714

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,874

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,610
1$2,6102$2,7003$2,8504$2,9005$3,195
$3,195
RENT COMPS ANALYSIS
  • 4705 E Sands Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.06
    •  
  • 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
    •  
  • 4818 E Estevan Road Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 1996
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.10
    •  
  • 22235 N 51st Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,428 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,428 Sqft ∙ Built 1997
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.19
    •  
  • 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
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $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 #: 6159828
Last Updated: 11/13/2020
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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