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16233 N 63rd Street Scottsdale, AZ 85254

4 Beds 2 Baths 2,693 sqft Built 1984

$725,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $269.22
  • 4 Days on Market
  • MLS # : 6191710
  • Updated Date : 02/14/2021 at 01:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,693 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This is the home you have been waiting for! This single level home is situated on a premium oversize corner, cul-de-sac lot with mature landscaping an beautiful curb appeal. The home offers an upgraded kitchen with white shaker cabinets, stainless steel appliances, marble and black Ceaserstone countertops. The home boasts vaulted ceilings with skylights that provide ample natural light. The back yard oasis has a large private pool and heated spa, as well as mature landscaping and real green grass. All this in the magic zip code of 85254, walking distance to Kierland Commons which offers shopping, dining, and so much more. Upgrades include variable speed pump for pool, hot water circulation water pump, 2 large covered patios in the front and the back of the home. Extra tile in garag

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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

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 -$2,518
Property Tax -$543
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$119

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.

$725,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.43%

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$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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$30,744

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
  • $1.16

    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$3,1204$3,2505$3,550
$3,550
RENT COMPS ANALYSIS
  • 16233 N 63rd Street Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,693 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,693 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $1.16
    •  
  • 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
    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
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.21
    •  
  • 6448 E Paradise Lane Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 1984
    LEASED 01/30/21
    • 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
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.30
    •  
PROPERTY LISTING DETAILS
Tiffany Carlson-richison
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191710
Last Updated: 02/14/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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