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14250 N 49th Street Scottsdale, AZ 85254

3 Beds 2 Baths 1,408 sqft Built 1979

$524,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $372.16
  • 5 Days on Market
  • MLS # : 6154030
  • Updated Date : 10/30/2020 at 13:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Those Callaways

Listing Agent's Description

SO MUCH IS NEW! Situated on over a quarter-ACRE lot in the Magic Zip Code, this beautiful abode is remodeled in all the right ways. Brand new roof, dual-pane Low E windows, new stainless appliances and fresh interior paint. Set well back with easy-care front landscape, a charming brick exterior invites you in. Lovely living room with vaulted ceiling is dressed in hardwood Red Oak Floors that continue into the dining room, open to the kitchen for easy entertaining. Travertine floors perfectly complement the natural slab granite counters, while custom Alder wood cabinets add warmth and complete the culinary scene in the island kitchen. Master suite and remodeled baths. A covered/open-air paver patio extends out to the expansive lawn and fenced pebble-finish pool. Bonus RV gate/parking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Valley Village

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
Liberty Elementary School Primary Regular 572 30 8
Liberty Elementary School Middle Regular 572 30 8
Horizon High School High Regular 2,262 86 8

Liberty Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$471,600$576,400$524,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,933
Property Tax -$392
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$579

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.

$524,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,610

INVESTMENT

$144,610

Down Payment
$131,000
Rehab Estimate
$5,750
Closing Costs
$7,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,000
Loan Amount $393,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $1,901

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8253$1,9004$1,9955$2,295
$2,295
RENT COMPS ANALYSIS
  • 14250 N 49th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.35
    •  
  • 14252 N 51st Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1979
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.32
    •  
  • 15426 N 50th Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1991
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.22
    •  
  • 4834 E Evans Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1978
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.42
    •  
  • 5312 E Gelding Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1977
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.44
    •  
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 #: 6154030
Last Updated: 10/30/2020
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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