Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4834 E Hamblin Drive Phoenix, AZ 85054

3 Beds 2 Baths 1,876 sqft Built 1997

$550,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $293.18
  • 4 Days on Market
  • MLS # : 6170375
  • Updated Date : 12/17/2020 at 15:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,876 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Single level 3 bed 2 bath home with a heated pool & spa! Very well maintained with a new AC. Prime location East of Tatum close to Desert Ridge Marketplace & the JW Mariot. 14' Ceilings, tile & hardwood flooring throughout. Over-sized great room. Chef's kitchen has 42'' dark mahogany cabinets, granite counters, upgraded Kitchen Aid stainless steel appliances, double ovens & a gas cooktop. Stone backsplash, kitchen island & breakfast nook. Double doors entering the owner's suite. Exit from owner's suite to backyard w/ a Huge walk-in closet, dual vanities & separate tub & shower. Resort-style backyard has low maintenance artificial turf, BBQ grill that is hooked up to gas line and an oversized covered patio. Other upgrades include a water softener and 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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,029
Property Tax -$346
Property Insurance -$64
HOA -$6
Property Management Fees -$99
CASH FLOW
-$115

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.

$550,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.44%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$28,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,448

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4303$2,5004$2,5505$2,595
$2,595
RENT COMPS ANALYSIS
  • 4834 E Hamblin Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.30
    •  
  • 4212 E Williams Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.31
    •  
  • 4522 E Jaeger Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.36
    •  
  • 4508 E Adobe Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.25
    •  
  • 4812 E Kirkland Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.30
    •  
PROPERTY LISTING DETAILS
Rebekah Liperote
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170375
Last Updated: 12/17/2020
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.

BESbswy