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15001 N 60th Street Scottsdale, AZ 85254

4 Beds 3 Baths 2,522 sqft Built 1987

$840,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $333.07
  • 3 Days on Market
  • MLS # : 6187933
  • Updated Date : 02/05/2021 at 03:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,522 sqft
  • Baths : 2 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

*Incredible High End Luxury Remodel with No HOA* This home Truly Stands apart from the rest! From the New Roof, 2 New Ac Units, New Windows & 4 New Doors bringing the backyard in, Custom Iron Front Door, New Exterior Paint and a Complete Custom Remodel that spared absolutely no expense, this home is one of a kind! Split Floor plan, 2 Living areas, a Kitchen with a Massive 12ft Island with seating for 8, Complete Custom Cabinetry with LED's, Mud Room, Ship Lap Fireplace with 100yr Old Mantle, Huge Laundry, 2.5 Amazing baths and a Master closet to die for. The Most Incredible Koi Pond you have even seen with a Relaxing Fountain, Pebble Tech Pool, Granite Built-in BBQ, 3 car Garage, Rv Gate and parking for 7 cars. Need I say more! Come see it today before it's gone & Submit your Best Offer

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Paz at Desert Springs

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: La Paz at Desert Springs

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 Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$756,000$924,000$840,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,918
Property Tax -$629
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$862

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.

$840,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$228,350

INVESTMENT

$228,350

Down Payment
$210,000
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,918

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $210,000
Loan Amount $630,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,952

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
  • $3,134

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 15001 N 60th Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5817 E Waltann Lane Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 1979
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.29
    •  
  • 6153 E Hillery Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,632 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,632 Sqft ∙ Built 1989
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 6236 E Acoma Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
  • 5720 E Marilyn Road Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1990
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.31
    •  
PROPERTY LISTING DETAILS
Zachary Hawker
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187933
Last Updated: 02/05/2021
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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