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16409 N 65th Place Scottsdale, AZ 85254

4 Beds 2 Baths 2,107 sqft Built 1983

$619,999

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $294.26
  • 4 Days on Market
  • MLS # : 6178051
  • Updated Date : 01/08/2021 at 00:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,107 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

A must see absolutely stunning home located on a corner lot! With almost every inch of the home recently updated! As you enter in you will find tons of natural light beaming in & a gorgeous custom kitchen with top of the line Bosch appliances that could make any chef jealous. With all the bells & whistles needed to whip up your favorite meal that is sure to impress your friends & family. Cozy up in the large family room & open up the French doors to let the breeze in. The master bedroom will leave you speechless with a private exit to your quaint backyard, double sinks behind your sliding barn door and of course a walk-in closet. In the added office you will find stunning built-in desks & shelving that is a perfect space to work from home or have a dedicated distance learning space.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trails North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Trails North

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
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
 

$557,999$681,999$619,999

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,153
Property Tax -$464
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$95

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.

$619,999

PROJECTED PRICE

$2,690

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,000
Loan Amount $464,999
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$26,916

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,650

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4503$2,5004$2,6905$3,200
$3,200
RENT COMPS ANALYSIS
  • 16409 N 65th Place Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.28
    •  
  • 6769 E Paradise Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1994
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.20
    •  
  • 16810 N 62nd Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1995
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.19
    •  
  • 16824 N 63rd Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1996
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
  • 6528 E Paradise Lane Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1984
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.43
    •  
PROPERTY LISTING DETAILS
John Gluch
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178051
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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