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14239 N 70th Place Scottsdale, AZ 85254

5 Beds 3 Baths 3,655 sqft Built 1995

$805,000

List Price

$4,370

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $220.25
  • 2 Days on Market
  • MLS # : 6153838
  • Updated Date : 11/07/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,655 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Location, Location, Location! SPACIOUS and IMPRESSIVE Medallion home walking distance from the coveted area of Kierland Commons Scottsdale Quarter. Enjoy our gorgeous Arizona weather walking to some of the most delicious restaurants and luxury shopping Scottsdale has to offer. Cant forget NO HOA!! It is on over 1/3 acre lot in a quiet cul-de-sac. 5 Bed/3 Baths, with 1 Bedroom downstairs next to a full bath. Incredible kitchen with upgraded cabinetry, large island, granite counters, and walk in pantry. Open concept spacious family room off of kitchen and eat in nook. Master bath with jacuzzi tub, large dual sink vanity and a huge master closet. All bedrooms are spacious, light/bright. Backyard w/ lots of room to entertain, pool, extended covered patio, RV Gate/parking, mature trees.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Paradise Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k705k

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

Neighborhood: Desert Paradise Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454509

* 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
Sandpiper Elementary School Primary Regular 479 28 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sandpiper Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 28
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
 

$724,500$885,500$805,000

PURCHASE PRICE

$3,933$4,807$4,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,370
EXPENSES Loan Payment -$2,970
Property Tax -$602
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
$600

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.

$805,000

PROJECTED PRICE

$4,370

PROJECTED RENT

0.54%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

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$219,075

INVESTMENT

$219,075

Down Payment
$201,250
Rehab Estimate
$5,750
Closing Costs
$12,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,970

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $201,250
Loan Amount $603,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$123,615

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
  • $4,103

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,6004$3,9005$4,300
$4,300
RENT COMPS ANALYSIS
  • 14239 N 70th Place Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,655 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,655 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6213 E Helm Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
  • 6415 E Winchcomb Drive Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.06
    •  
  • 6233 E Marilyn Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.15
    •  
  • 16016 N 68th Street Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.25
    •  
PROPERTY LISTING DETAILS
Catherine Gibson
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153838
Last Updated: 11/07/2020
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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