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14601 N 63rd Street Scottsdale, AZ 85254

3 Beds 2 Baths 1,912 sqft Built 1992

$549,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $287.13
  • 1 Days on Market
  • MLS # : 6182128
  • Updated Date : 01/17/2021 at 00:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,912 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Welcome to this charming bright and clean Santa Fe style home! This coveted location is close to Kierland shopping, schools, and a large park, with access to the 101 in just minutes. Inside you'll find 3 Bedrooms, a Great Room, a large Office / Bonus Room, and an open Kitchen with slab granite counter tops. The Master BR has a large walk-in closet, remodeled shower, dual sinks, and private access to the patio. Separate Laundry Room with a sink, cupboards, and washer & dryer included! Relax in the beautiful back yard, with ample patio space and a refreshing play pool. Fresh interior paint, new carpet, new hot water heater, new pool pump, and new coating on the roof make this home move-in ready. Come grab you slice of paradise today

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Santa Fe Place

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k505k

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

Neighborhood: Santa Fe Place

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 Springs Preparatory Elementary School Primary Regular 461 33 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Desert Springs Preparatory Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 33
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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,907
Property Tax -$411
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$249

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.

$549,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.50%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$53,834

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
  • $2,782

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$2,6954$2,9505$2,990
$2,990
RENT COMPS ANALYSIS
  • 14601 N 63rd Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14034 N 60th Street Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.28
    •  
  • 6721 E Sharon Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1976
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.50
    •  
  • 6802 E Ludlow Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.43
    •  
  • 6407 E Marilyn Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1996
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.61
    •  
PROPERTY LISTING DETAILS
Tish Bonnell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182128
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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