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16205 E Blue Sky Drive Scottsdale, AZ 85262

4 Beds 3 Baths 3,054 sqft Built 2017

$825,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $270.14
  • 4 Days on Market
  • MLS # : 6168392
  • Updated Date : 12/10/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,054 sqft
  • Baths : 3 full
Listing Agent

Silverleaf Realty

Listing Agent's Description

Worth a visit! Beautiful home with welcoming, bright, open floor plan, high ceilings & fantastic upgrades throughout, including home security system, Norman Shutters, Sonos audio system, motorized remote control blackout shades in the master bedroom and bath. Split bedroom floor plan offers large master bedroom w/ walk-in closets, floating cabinets, & Jack N Jill bedrooms with full bath. Separate laundry room. Gourmet kitchen is filled with light & features a large island, upgraded range, 42'' cabinets. Outdoors showcases fabulous exterior fence, a fire pit & fun play area including putting green. Easily accessed additional RV size garage is upgraded to include AC/Heat, large shop area & workout room. Other modern amenities include solar, purified water system & water softener.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k858k

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

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453760

* 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 Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$3,044
Property Tax -$277
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
-$387

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$825,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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-$10k$0.0$10k$20k$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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$27,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,237

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1203$3,500
$3,500
RENT COMPS ANALYSIS
  • 16205 E Blue Sky Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $1.02
    •  
  • 27523 N 168th Street Street Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,913 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,913 Sqft ∙ Built 2005
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.03
    •  
  • 28713 N 148th Street Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Lisa Westcott
Silverleaf Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168392
Last Updated: 12/10/2020
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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