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16221 N 63rd Place Scottsdale, AZ 85254

4 Beds 3 Baths 2,693 sqft Built 1983

$775,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $287.78
  • 3 Days on Market
  • MLS # : 6162128
  • Updated Date : 12/11/2020 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,693 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Rare find in North Ranch a 5 Car Garage, 4 bedroom, 3 bath 2693 Sq. Ft. home on large almost 1/3 acre cul-de-sac lot. 3 car attached garage and a detached oversized 2 car garage/workshop/man cave with A/C and 125 amp sub panel. Sunlit kitchen with large island and granite counters. Large Travertine patio heated pool and spa. Huge storage room/closet in the 3 car garage. All this within walking distance to upscale dining and shopping in Kierland and Scottsdale Quarter.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k544k

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

Neighborhood: North Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453096

* 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
North Ranch Elementary School Primary Regular 512 31 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

North Ranch Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 31
9
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

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

$697,500$852,500$775,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,859
Property Tax -$580
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$338

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.

$775,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.0%
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-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$24,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $3,265

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,1003$3,2504$3,2805$3,550
$3,550
RENT COMPS ANALYSIS
  • 16221 N 63rd Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.22
    •  
  • 6508 E Beverly Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1985
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 16831 N 62 Place Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,557 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,557 Sqft ∙ Built 1996
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.21
    •  
  • 6448 E Paradise Lane Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 1984
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.24
    •  
  • 16229 N 61st Place Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1985
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.30
    •  
PROPERTY LISTING DETAILS
J. Darice Tiffany
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162128
Last Updated: 12/11/2020
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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