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13668 E Paradise Drive Scottsdale, AZ 85259

3 Beds 2 Baths 2,359 sqft Built 1997

$825,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $349.72
  • 2 Days on Market
  • MLS # : 6185820
  • Updated Date : 01/30/2021 at 20:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,359 sqft
  • Baths : 2 full
Listing Agent

Ranch Realty

Listing Agent's Description

This stunning property has all the upgrades! - Private, 24-hour, guard gated community in Scottsdale Mountain subdivision. High, vaulted ceilings, fireplace, formal dining, breakfast bar and breakfast room, light, bright and open areas - spacious kitchen w/gas cooktop, granite countertops, pantry and plenty of cabinet storage. Luxury master suite with walk-in closet, separate tub and walk-in shower. Large private rear yard with private pool.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Scottsdale Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454655

* 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
Anasazi Elementary School Primary Regular 567 31 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Anasazi Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 31
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,866
Property Tax -$473
Property Insurance -$73
HOA -$17
Property Management Fees -$99
CASH FLOW
-$577

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.

$825,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$9,253

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,972

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,9504$3,2505$3,400
$3,400
RENT COMPS ANALYSIS
  • 13668 E Paradise Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,359 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,359 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.25
    •  
  • 13680 E Paradise Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 1997
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
  • 13867 E Paradise Lane Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.24
    •  
  • 13663 E Paradise Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1996
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.31
    •  
  • 13928 E Lupine Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,490 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,490 Sqft ∙ Built 1994
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.37
    •  
PROPERTY LISTING DETAILS
Kent Jacobson
Ranch Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185820
Last Updated: 01/30/2021
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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