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13023 N 84th Street Scottsdale, AZ 85260

5 Beds 5 Baths 4,185 sqft Built 1986

$1,199,000

List Price

$5,190

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $286.50
  • 7 Days on Market
  • MLS # : 6146392
  • Updated Date : 11/02/2020 at 14:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,185 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Cactus Corridor Remodel opportunity surrounded by multi million dollar homes and convenient to shopping, dining, schools and hospitals. This is a probate estate property and is sold AS IS condition, no warranties, no repairs, no clue report. Buyer to verify all material facts and items of importance to include, utilities, boundaries, square foot. All offers will be reviewed Monday, November 2nd at 12 pm**

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundown Manor

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $122k1006k

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

Neighborhood: Sundown Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455164

* 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
Sonoran Sky Elementary School Primary Regular 715 37 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sonoran Sky Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 37
9
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$4,671$5,709$5,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,190
EXPENSES Loan Payment -$4,424
Property Tax -$892
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
-$334

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,199,000

PROJECTED PRICE

$5,190

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$50,162

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
  • $5,148

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$4,6004$6,000
$6,000
RENT COMPS ANALYSIS
  • 13023 N 84th Street Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 4,185 Sqft ∙ Built 1986 5 beds 5 baths ∙ 4,185 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8732 E Sharon Drive Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,969 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,969 Sqft ∙ Built 1997
    property image
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.08
    •  
  • 8501 E Cholla Street Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 4,287 Sqft ∙ Built 1970 4 beds 4 baths ∙ 4,287 Sqft ∙ Built 1970
    property image
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.07
    •  
  • 8396 E Sunnyside Drive Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.54
    •  
PROPERTY LISTING DETAILS
Julie Pelle
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6146392
Last Updated: 11/02/2020
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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