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14227 N 57th Way Scottsdale, AZ 85254

4 Beds 3 Baths 2,736 sqft Built 1989

$829,900

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $303.33
  • 2 Days on Market
  • MLS # : 6206896
  • Updated Date : 03/13/2021 at 14:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,736 sqft
  • Baths : 3 full
Listing Agent

Those Callaways

Listing Agent's Description

THE TOTAL PACKAGE. A terrific tri-level sitting on over a quarter ACRE, this stunning Magic Zip Code remodel exudes style and grace with so much space! Watch the sunrise and sunset from separate grand balconies. A covered entry reveals vaulted ceilings that soar over the living and dining rooms. Through an arched passageway, you'll find the eat-in kitchen dressed in Quartz counters, with plentiful cabinetry and a sunlit breakfast nook. A few steps down invite you into the generous family room with a bar, fireplace and patio access. The split plan features bedrooms on both levels with an upper-level master suite and all remodeled baths. The covered and open-air patios are backdropped by an expansive lawn, pebble-finish pool and mountain views. RV gate & parking. Tour it before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Paz at Desert Springs

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: La Paz at Desert Springs

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
 

$746,910$912,890$829,900

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,883
Property Tax -$621
Property Insurance -$81
Property Management Fees -$99
CASH FLOW
-$543

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.

$829,900

PROJECTED PRICE

$3,140

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$225,674

INVESTMENT

$225,674

Down Payment
$207,475
Rehab Estimate
$5,750
Closing Costs
$12,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,883

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $207,475
Loan Amount $622,425
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,744

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
  • $3,468

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,2004$3,3505$3,500
$3,500
RENT COMPS ANALYSIS
  • 14227 N 57th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6153 E Hillery Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,632 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,632 Sqft ∙ Built 1989
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 6236 E Acoma Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.31
    •  
  • 6112 E Karen Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 1996
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.30
    •  
  • 13840 N 57th Way Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1981
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
PROPERTY LISTING DETAILS
Joann Callaway
Those Callaways
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206896
Last Updated: 03/13/2021
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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