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15035 N 54th Way Scottsdale, AZ 85254

4 Beds 3 Baths 2,825 sqft Built 1993

$725,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $256.64
  • 3 Days on Market
  • MLS # : 6195584
  • Updated Date : 02/19/2021 at 15:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,825 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Situated on a corner lot in a highly sought-after Scottsdale location, this remodeled gem offers a must see interior. Flowing floor plan features formal living, formal dining and a spacious open family room enhanced with a gorgeous fireplace, soaring ceilings, tile flooring and high windows for an abundance of natural light. Kitchen boasts granite countertops, ss appliances, gas cooking, beautiful white glass front cabinetry and a large center island with breakfast bar seating. Lovely master retreat includes luxurious en suite with dual sinks. The amazing outdoor entertaining area is complete with covered patio, built-in bbq and a sparkling pool. I'ts the perfect spot to relax and enjoy Arizona outdoors. All of this with no HOA and in the magic 85254 zip code! See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diamond Point

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k478k

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

Neighborhood: Diamond Point

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
Sunrise Middle School Middle Regular 492 23 7
Horizon High School High Regular 2,262 86 8
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating

Sunrise Middle School

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

$652,500$797,500$725,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$2,518
Property Tax -$543
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
$148

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.

$725,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$53,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $3,454

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9953$3,3904$3,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 15035 N 54th Way Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.20
    •  
  • 15826 N 52nd Street Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1985
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.98
    •  
  • 15039 N 49th Street Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1986
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
  • 13840 N 57th Way Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1981
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
  • 15059 N 49th Way Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,958 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,958 Sqft ∙ Built 1987
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.52
    •  
PROPERTY LISTING DETAILS
Edyi Fawcett-nickola
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195584
Last Updated: 02/19/2021
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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