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14817 N 50th Street Scottsdale, AZ 85254

3 Beds 2 Baths 1,921 sqft Built 1980

$525,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $273.30
  • 2 Days on Market
  • MLS # : 6184952
  • Updated Date : 01/23/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,921 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

See it this weekend! Charming courtyard entry, single level, master split 3 bed, 2 bath, great room floorplan with 2 car airconditioned garage. Kitchen features newer counter tops, Kohler cast iron sink, walk in pantry & recessed lighting. Master suite with exit to patio has updated bath - dual sinks, large walk in shower, built in storage & walk in closet. Huge multi functional great room with beehive fireplace, newer lighting, plantation shutters, sliding door to the oversized rear patio with lots of room to entertain! Private lot with east facing backyard-landscaping redone in 2019. Electrical & concrete pad present to add your own spa. Mature lemon trees, storage shed. No HOA & room for RV gate. Additional 3rd car parking space/basketball slab added. A/C new 2018.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Liberty Square

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Liberty Square

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$1,824
Property Tax -$393
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$450

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.

$525,000

PROJECTED PRICE

$2,830

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$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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$74,971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,819

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,7004$2,8305$2,850
$2,850
RENT COMPS ANALYSIS
  • 14817 N 50th Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.47
    •  
  • 5120 E Janice Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.39
    •  
  • 15219 N 51 Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1983
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.46
    •  
  • 5217 E Blanche Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
  • 5210 E Janice Way Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1979
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.53
    •  
PROPERTY LISTING DETAILS
Joan Pike
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184952
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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