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15420 N 51st Place Scottsdale, AZ 85254

3 Beds 2 Baths 2,052 sqft Built 1979

$560,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $272.90
  • 3 Days on Market
  • MLS # : 6157432
  • Updated Date : 11/07/2020 at 12:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,052 sqft
  • Baths : 2 full
Listing Agent

A Thomas

Listing Agent's Description

Beautiful home the magic zip 85254! Oversized lot with backyard oasis featuring pool and jacuzzi. Open floor plan and great room. Kitchen has granite countertops stainless appliances, travertine backsplash and breakfast bar. Hardwood flooring throughout main living area and carpet in bedrooms. 2013 Updated bathrooms with beautiful tile work and vanities. New HVAC, with warranty. Solar panels and dual pane windows reduce the utilities especially when heating the pool pebble tec pool the entertainer's grassy backyard. Waterfall and above ground spa as well as a firepit. Spa works well but conveys as-is. RV gate and parking for your toys! Large storage garage and .....No HOA

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Covey

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Covey

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
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,066
Property Tax -$419
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$11

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.

$560,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$37,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,888

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,6403$2,7004$2,8505$3,500
$3,500
RENT COMPS ANALYSIS
  • 15420 N 51st Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.29
    •  
  • 5255 E Marconi Avenue Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 1983
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.25
    •  
  • 5110 E Le Marche Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1983
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.22
    •  
  • 5210 E Janice Way Scottsdale, AZ 4
    • 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
    •  
  • 4902 E Waltann Lane Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 1979
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.63
    •  
PROPERTY LISTING DETAILS
Thomas A Kilby
A Thomas
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157432
Last Updated: 11/07/2020
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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