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13451 N 50th Street Scottsdale, AZ 85254

3 Beds 2 Baths 2,712 sqft Built 1973

$899,999

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $331.86
  • 6 Days on Market
  • MLS # : 6207101
  • Updated Date : 03/19/2021 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,712 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

THE MAGIC 85254 Zip Code: Scottsdale Mailing Address, Phoenix taxes, Paradise Valley Schools. NO HOA! OVERSIZED CORNER LOT!! Open floor plan! Chef's kitchen boasts new stainless steel appliances, granite countertops, self-closing cabinets, tile backsplash and breakfast bar for additional seating. Relax in your master retreat which features his and her's closets, double sinks and tiled walk-in shower. Step outside onto your pavered covered patio and take a dip in your sparking diving pool. RV Gate allows you to store your boat, RV and other toys! NEW roof (2014). Home is conveniently located to the 51 freeway, Kierland Commons / Scottsdale Quarter and some of the best dining and shopping in Scottsdale. HURRY, this one will not last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunburst Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Sunburst Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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 Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$809,999$989,999$899,999

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$3,126
Property Tax -$673
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$1,158

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.

$899,999

PROJECTED PRICE

$2,820

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $225,000
Loan Amount $674,999
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,882

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7003$2,8204$2,9955$3,195
$3,195
RENT COMPS ANALYSIS
  • 13451 N 50th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,712 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,712 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.04
    •  
  • 5107 E Wethersfield Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.02
    •  
  • 14835 N 46th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 1991
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 15039 N 49th Street Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1986
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
  • 5112 E Charter Oak Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.20
    •  
PROPERTY LISTING DETAILS
Kelly Cook
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207101
Last Updated: 03/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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