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14015 N 57th Street Scottsdale, AZ 85254

3 Beds 2 Baths 1,875 sqft Built 1973

$395,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $210.67
  • 4 Days on Market
  • MLS # : 6197757
  • Updated Date : 02/25/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,875 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come see this diamond in the rough! Great location on a large lot with a pool tucked into a quiet neighborhood. The owner has recently had a new HVAC unit installed and recoated the rolled roof. All that is left to do is the fun cosmetic updates to put your own stamp to make it your home. There is a small workroom / storage closet in the garage to get a start on your planning. Please reference the photos for current condition of the existing carpet and previous leak ceiling damage and some block wall separation on the NE corner of the house by the roof.

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 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,372
Property Tax -$321
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$525

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.

$395,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

12

YEARS SAVED

$74,253

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,573

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,4503$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 14015 N 57th Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.27
    •  
  • 5334 E Friess Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1976
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.35
    •  
  • 5329 E Acoma Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 1977
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.40
    •  
  • 5245 E Crocus Drive S Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1977
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 5731 E Evans Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1989
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
PROPERTY LISTING DETAILS
Brendan Mcnamar
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197757
Last Updated: 02/25/2021
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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