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16822 N 50th Way Scottsdale, AZ 85254

3 Beds 2 Baths 1,717 sqft Built 2002

$475,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $276.65
  • 3 Days on Market
  • MLS # : 6173347
  • Updated Date : 01/03/2021 at 06:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,717 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This is the ideal lock and leave home you have been waiting for! Located in the secluded and desirable gated community of Encantobella Scottsdale, this 3-beds, 2-baths, and 2-car garage has been recently updated. Desirable features? No interior steps, split floor plan, high ceilings, a very open great room for entertaining, and a luxurious backyard. New floors, paint, plantations shutters, appliances (dishwasher and convection oven microwave), HVAC, water heater. Garage has epoxy floors and an electric car charger. The low maintenance resort-like outdoor space with artificial turf includes a custom built in BBQ center, fireplace, covered patio and a soothing waterfall. Close proximity to SR51, Loop 101, and minutes from Kierland Commons and Paradise Valley Mall.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encantobella

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Encantobella

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
Whispering Wind Academy Primary Regular 638 41 6
Sunrise Middle School Middle Regular 492 23 7
Horizon High School High Regular 2,262 86 8

Whispering Wind Academy

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
6
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Horizon High School

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

$427,500$522,500$475,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,753
Property Tax -$355
Property Insurance -$61
HOA -$105
Property Management Fees -$99
CASH FLOW
-$53

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.

$475,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$26,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,215

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1953$2,2004$2,3205$2,375
$2,375
RENT COMPS ANALYSIS
  • 16822 N 50th Way Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.35
    •  
  • 16613 N 49th Way Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2001
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.22
    •  
  • 15852 N 50th Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1988
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.36
    •  
  • 16946 N 49th Way Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.28
    •  
  • 4901 E Paradise Lane Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1987
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.30
    •  
PROPERTY LISTING DETAILS
Aneezah Nabee Hawkins
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173347
Last Updated: 01/03/2021
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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