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10801 N 68th Street Scottsdale, AZ 85254

4 Beds 2 Baths 2,800 sqft Built 1969

INVESTimate

$975,000

List Price

$3,440

$3,190 - $3,690

Rent Est.

$1,023,263  ( +4.95%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $348.21
  • 12 Days on Market
  • MLS # : 6118291
  • Updated Date : 08/25/2020 at 17:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,800 sqft
  • Baths : 2 full
Listing Agent

Joi Realty

Listing Agent's Description

Located in the heart of Scottsdale on almost an acre of land with a resort style backyard and waterslide! Welcome home to this gorgeous fully remodeled 4 bedroom 2 bath property with all high end finishes on almost one acre of land in Scottsdale. Everything has been fully redone in this home! The entire home has custom glazed cabinets, tile throughout and both bathrooms have been updated. You will find a large yard for entertaining. As you enter into this gorgeous gourmet kitchen you will look out to the grass backyard and large diving pool with a rockslide! There is also a large bonus room with a pool table! You won't want to miss out on this one! The pool has been redone with a gorgeous rock slide!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bob-O-Link

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k590k

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

Neighborhood: Bob-O-Link

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453257

* 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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$3,597
Property Tax -$468
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$806

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.

$975,000

PROJECTED PRICE

$3,440

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.95%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$11,591

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
  • $3,171

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7953$2,8004$2,8505$3,250
$3,250
RENT COMPS ANALYSIS
  • 10801 N 68th Street Scottsdale, 1
    • 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11219 N 70th Street Scottsdale, 2
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 1966
    property image
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.05
    •  
  • 6702 E Beryl Avenue Paradise Valley, 3
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.08
    •  
  • 7414 E Via Estrella Avenue Scottsdale, 4
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1980
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.11
    •  
  • 6310 E Desert Cove Avenue Scottsdale, 5
    • 3 beds 2 baths ∙ 2,528 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,528 Sqft ∙ Built 1962
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.29
    •  
PROPERTY LISTING DETAILS
Jenna M. Jacques
Joi Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118291
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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