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5010 E Robin Lane Phoenix, AZ 85054

3 Beds 2 Baths 2,121 sqft Built 1998

INVESTimate

$575,000

List Price

$2,700

$2,450 - $2,950

Rent Est.

$597,195  ( +3.86%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $271.10
  • 6 Days on Market
  • MLS # : 6120425
  • Updated Date : 08/25/2020 at 15:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,121 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This cozy gated neighborhood is near Desert Ridge Marketplace with shopping, dining, and entertainment and the Marriot Resort. You'll find Walking Trails through the gate at the end of the block. Entering the home you are greeted with high ceilings, Travertine tile, & newly painted warm gray walls welcoming you visually all the way through to the Family Room fireplace. The Kitchen boasts: - Granite counters and Island. - Two stainless GE Monogram Wine Coolers w/ steel contemporary Bar Pulls each for 57 wine bottles. - Stainless ASKO Dishwasher w/ steel contemporary Bar Pull. - Stainless GE Monogram side by side Refrigerator w/ steel contemporary Bar Pulls. - Stainless GE Monogram Pro/Commercial Style Dual Fuel Range w/ commercial style Hood & Vent system.

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,122
Property Tax -$362
Property Insurance -$69
HOA -$128
Property Management Fees -$99
CASH FLOW
-$79

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.

$575,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.86%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$31,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,704

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,7003$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 5010 E Robin Lane Phoenix, 2
    • 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.27
    •  
  • 22424 N 49th Place Phoenix, 1
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1996
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
  • 22215 N 51st Street Phoenix, 3
    • 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 1998
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.32
    •  
  • 4632 E Via Montoya Drive Phoenix, 4
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.34
    •  
  • 22432 N 49th Place Phoenix, 5
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1996
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Kim F Doud
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120425
Last Updated: 08/25/2020
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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