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15001 N 61st Place Scottsdale, AZ 85254

5 Beds 3 Baths 2,935 sqft Built 1989

$795,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $270.87
  • 3 Days on Market
  • MLS # : 6193137
  • Updated Date : 02/14/2021 at 03:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,935 sqft
  • Baths : 3 full
Listing Agent

Goddes Homes

Listing Agent's Description

RARE FIND! This gorgeous 5 bed/3 bath/3 car garage home + pool sits on a large, premium cul-de-sac lot backing Crossed Arrows Park in the highly desired 85254 neighborhood. This property boasts 2 new energy efficient AC units (2020), new interior & exterior paint (2020), new carpet (2020), fully remodeled modern bathrooms, direct park access from the backyard, beautiful curb appeal w/ mature desert landscaping, brick paver driveway, and much more. The living/dining room features soaring vaulted ceilings, bronze modern light fixtures, and views of the backyard & park from the formal dining area. The updated eat-in kitchen boasts granite counters, stainless appliances, convenient breakfast bar and opens to the family room that offers a cozy wood fireplace.

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
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
 

$715,500$874,500$795,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$2,761
Property Tax -$595
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
-$120

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.

$795,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.43%

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$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$34,575

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
  • $3,427

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$3,0004$3,3505$3,845
$3,845
RENT COMPS ANALYSIS
  • 15001 N 61st Place Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 2,935 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,935 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5855 E Marconi Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1988
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.87
    •  
  • 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
    •  
  • 6112 E Karen Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 1996
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.30
    •  
  • 5676 E Sandra Terrace Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1991 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1991
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,845
    • $1.36
    •  
PROPERTY LISTING DETAILS
Brad A Goddes
Goddes Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193137
Last Updated: 02/14/2021
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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