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14310 E Estrella Avenue Scottsdale, AZ 85259

3 Beds 2 Baths 2,350 sqft Built 1999

$740,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $314.89
  • 2 Days on Market
  • MLS # : 6182747
  • Updated Date : 01/23/2021 at 02:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,350 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Fully remodeled home, floor to ceiling, in the beautiful community of Saddleview. Natural preserves, hiking trails, and golf all steps away from your front door. Surrounded by 360 degrees of mountains, this home offers soaring 12ft ceilings with a welcoming open floor plan. An entertainers dream with a beautiful 13ft granite island, a secondary prep island, and SS appliances which are all included. Custom wood work in all the right places including the gas fireplace and range hood. A nice rustic flare. Both bathrooms have been completely remodeled . New roof 2020, newer A/C and pool updates, to much to list, come see for yourself! This quite community is located just steps away from Fountain Hills and all that Scottsdale has to offer from dining, mayo, and A+ schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Saddleview

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Saddleview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$666,000$814,000$740,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,570
Property Tax -$346
Property Insurance -$73
HOA -$3
Property Management Fees -$99
CASH FLOW
-$342

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$740,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,850

INVESTMENT

$201,850

Down Payment
$185,000
Rehab Estimate
$5,750
Closing Costs
$11,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $185,000
Loan Amount $555,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$17,841

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
  • $2,761

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6504$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 14310 E Estrella Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14329 E Estrella Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1996
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.23
    •  
  • 14951 E Desert Willow Drive #2 Fountain Hills, AZ 3
    • 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.09
    •  
  • 15040 E Scarlet Sky Lane #2 Fountain Hills, AZ 4
    • 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.15
    •  
  • 14960 E Desert Willow Drive #2 Fountain Hills, AZ 5
    • 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2001
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
PROPERTY LISTING DETAILS
Amy Pilarcek
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182747
Last Updated: 01/23/2021
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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