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14424 N 64th Place Scottsdale, AZ 85254

3 Beds 2 Baths 2,271 sqft Built 1996

$675,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $297.23
  • 4 Days on Market
  • MLS # : 6155214
  • Updated Date : 11/05/2020 at 15:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,271 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

RENOVATED SINGLE STORY IN KIERLAND!!! This immaculately upgraded 3 bedroom PLUS DEN/2 bath home has the best of everything: all new modern & neutral finishes, a great open floorplan with gas fireplace, vaulted ceilings and abundant windows, on a corner lot with a 3 car garage, a beautiful backyard with a pool, in a highly sought-after neighborhood that's close to EVERYTHING imaginable. This recently renovated home feels like new with upgraded finishes including custom cabinets, backsplash and countertops, all new flooring, s/s appliances, new lights, plumbing fixtures and fans throughout, neutral paint, new water heater, turf in back and low maintenance landscape ...the list goes on. The home is stunning in person, truly turn-key, easy to show and won't last long!

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
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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,490
Property Tax -$505
Property Insurance -$71
HOA -$6
Property Management Fees -$99
CASH FLOW
-$362

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.

$675,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.42%

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$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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$17,276

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $3,032

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8103$3,0004$3,3995$3,600
$3,600
RENT COMPS ANALYSIS
  • 14424 N 64th Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,271 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,271 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $1.24
    •  
  • 6802 E Redfield Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,390 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,390 Sqft ∙ Built 1978
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.17
    •  
  • 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 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
  • 6767 E Gelding Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 1996
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,399
    • $1.42
    •  
  • 6411 E Helm Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 1995
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.52
    •  
PROPERTY LISTING DETAILS
Kelley Molder
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155214
Last Updated: 11/05/2020
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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