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13824 N 56th Place Scottsdale, AZ 85254

3 Beds 3 Baths 2,136 sqft Built 1978

INVESTimate

$499,999

List Price

$2,430

$2,187 - $2,673

Rent Est.

$524,749  ( +4.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $234.08
  • 6 Days on Market
  • MLS # : 6116087
  • Updated Date : 08/21/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,136 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Spacious Scottsdale Single level Pool home awaits you! 3 Bedroom / 2.5 Bath. Home boast one Guess Bedroom with private full bathroom, RV Gate with parking, Atrium with large skylight, an Authentic beehive wood burning fireplace, plantations shutters. Great neighborhood with no HOA in an Amazing Location for Schools and Shopping, in the Coveted 85254 Zip Code! Enjoy the Prestige of a Scottsdale Address, and Highly Acclaimed School System with Phoenix taxes and utilities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrid Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Estrid 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 Springs Preparatory Elementary School Primary Regular 461 33 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Desert Springs Preparatory Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 33
7
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
 

$449,999$549,999$499,999

PURCHASE PRICE

$2,187$2,673$2,430

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$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 $2,430
EXPENSES Loan Payment -$1,845
Property Tax -$374
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$43

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.

$499,999

PROJECTED PRICE

$2,430

PROJECTED RENT

0.49%

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$38,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,814

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,5003$2,6504$2,8455$3,300
$3,300
RENT COMPS ANALYSIS
  • 13824 N 56th Place Scottsdale, 1
    • 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,136 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.14
    •  
  • 5245 E Crocus Drive S Scottsdale, 2
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1977
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 5827 E Ludlow Drive Scottsdale, 3
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.20
    •  
  • 5709 E Gelding Drive Scottsdale, 4
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1989
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,845
    • $1.22
    •  
  • 5710 E Sharon Drive Scottsdale, 5
    • 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1974
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.60
    •  
PROPERTY LISTING DETAILS
Aurora Munoz
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116087
Last Updated: 08/21/2020
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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