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17429 N 58th Street Scottsdale, AZ 85254

3 Beds 2 Baths 2,184 sqft Built 1987

$615,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $281.59
  • 4 Days on Market
  • MLS # : 6166650
  • Updated Date : 12/03/2020 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,184 sqft
  • Baths : 2 full
Listing Agent

Arizona Elite Properties

Listing Agent's Description

Fantastic Scottsdale Location with no HOA. This beautiful home boasts an open floor plan, tasteful upgrades & backyard paradise! This home is situated on a large lot at the end of the street with superb privacy & quiet. Upgrades throughout-flooring, shutters, stainless steel appliances, granite counters, maple cabinets with pullouts, bar/beverage station with wine fridge, peninsula fireplace plus fully renovated/upgraded bathrooms & more! The Master Suite includes walk-in closet, bath with double sinks & separate jetted tub & shower, large sitting area & private exit to back yard. Kitchen & family room overlook the huge covered patio & beautiful back yard with sparkling pool and huge grassy area..great for family fun and relaxation. RV Gate opens to side yard with space for all your toys.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Valley Village

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
Copper Canyon Elementary School Primary Regular 718 36 9
Copper Canyon Elementary School Middle Regular 718 36 9
Horizon High School High Regular 2,262 86 8

Copper Canyon Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 36
9
GreatSchools Rating

Copper Canyon Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 36
9
GreatSchools Rating

Horizon High School

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

$553,500$676,500$615,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,269
Property Tax -$460
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$428

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.

$615,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$10,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,670

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,5004$2,7955$2,850
$2,850
RENT COMPS ANALYSIS
  • 17429 N 58th Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5655 E Anderson Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 1985
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
  • Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 1987
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.19
    •  
  • 16621 N 59th Place Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 1988
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.29
    •  
  • 5724 E Campo Bello Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1985
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.36
    •  
PROPERTY LISTING DETAILS
Kim Franken
Arizona Elite Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166650
Last Updated: 12/03/2020
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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