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15435 N 50th Place Scottsdale, AZ 85254

3 Beds 2 Baths 2,050 sqft Built 1989

INVESTimate

$499,900

List Price

$2,320

$2,088 - $2,552

Rent Est.

$524,645  ( +4.95%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $243.85
  • 9 Days on Market
  • MLS # : 6119183
  • Updated Date : 08/19/2020 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,050 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This lovely home is located in the highly sought after 85254 zip code! Inviting curb appeal includes a courtyard with synthetic grass and brick paved walkway. Enter to tile floors, vaulted ceilings. The stunning kitchen has bleached oak cabinets, beautiful granite counters, stacked stone accents, breakfast bar and stainless steel appliances. The family room has plank tile floors, a gorgeous stacked stone wood burning fireplace and a wet bar. Formal dining room. Inside laundry. Generous sized bedrooms. The owner's suite has vaulted ceilings, beautiful laminate wood floors, full bath that includes a double vanity, separate tub & shower. The backyard is a beautiful stone paved patio. Easy access to Desert Ridge and Scottsdale Quarter for shopping, dining and entertainment.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenway Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Greenway Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,844
Property Tax -$374
Property Insurance -$67
HOA -$125
Property Management Fees -$99
CASH FLOW
-$190

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$499,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.95%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,568

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,320
1$2,3202$2,4503$2,4504$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 15435 N 50th Place Scottsdale, 1
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.13
    •  
  • 15638 N 54th Street Scottsdale, 2
    • 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 1979
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.23
    •  
  • 5255 E Marconi Avenue Scottsdale, 3
    • 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
    •  
  • 5109 E Kathleen Road Scottsdale, 4
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.22
    •  
  • 5330 E Claire Drive Scottsdale, 5
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1979
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.31
    •  
PROPERTY LISTING DETAILS
Amie Parrish
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119183
Last Updated: 08/19/2020
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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