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15856 N 50th Street Scottsdale, AZ 85254

3 Beds 3 Baths 2,046 sqft Built 1988

INVESTimate

$485,900

List Price

$2,230

$2,007 - $2,453

Rent Est.

$509,952  ( +4.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $237.49
  • 6 Days on Market
  • MLS # : 6120735
  • Updated Date : 08/21/2020 at 12:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,046 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

You will love relaxing in the elegant backyard of this remarkable 3 bedroom, 3 bathroom home in the Paradise Manor community! Stepping through the grand double door entryway, you'll be greeted by fresh interior paint, vaulted ceilings, and stylish tile floors. The kitchen is equipped with a breakfast bar, durable countertops, and ample cabinet space. In the primary bedroom, you'll love having an ensuite bathroom with double vanity sinks and a large tub for relaxing. Venture to the fenced-in backyard where you'll discover a massive patio, mature landscaping, and a sparkling clean pool. This Scottsdale home is located near shopping and restaurants in a great neighborhood with access to a community greenbelt, tennis courts, and a pool with a spa!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Manor

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
 

$437,310$534,490$485,900

PURCHASE PRICE

$2,007$2,453$2,230

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,793
Property Tax -$364
Property Insurance -$67
HOA -$230
Property Management Fees -$99
CASH FLOW
-$322

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.

$485,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.95%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,514

INVESTMENT

$134,514

Down Payment
$121,475
Rehab Estimate
$5,750
Closing Costs
$7,289

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,475
Loan Amount $364,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$6,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,404

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2303$2,3004$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 15856 N 50th Street Scottsdale, 2
    • 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.09
    •  
  • 16255 N 48th Way Scottsdale, 1
    • 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 1989
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.11
    •  
  • 15845 N 50th Street Scottsdale, 3
    • 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1988
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
  • 5255 E Marconi Avenue Scottsdale, 4
    • 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, 5
    • 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
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120735
Last Updated: 08/21/2020
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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