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17820 N 53rd Place Scottsdale, AZ 85254

3 Beds 2 Baths 2,005 sqft Built 1990

$559,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $279.25
  • 6 Days on Market
  • MLS # : 6158538
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,005 sqft
  • Baths : 2 full
Listing Agent

Usellsmart Real Estate

Listing Agent's Description

Beautiful clean and ready to Move-in Home in fantastic Arabian Views Neighborhood in Scottsdale. This single level home has an open floor plan with spacious living room, gas stone fireplace in the family room, shutters in most bedrooms, all appliances stay, luxurious master bath includes separate tub/shower & dual sinks + walk-in closet, good size secondary bedrooms, tile and carpet in all the right places. Large resort like backyard with pool and built-in spa for large gatherings, No HOA, newer roof, all these and much more... just minutes away from Desert Ridge, Kierland, 101 and City North.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arabian Views

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k627k

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

Neighborhood: Arabian Views

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453312

* 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
 

$503,910$615,890$559,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,066
Property Tax -$419
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$300

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.

$559,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$14,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,466

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3503$2,3804$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 17820 N 53rd Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.17
    •  
  • 5022 E Libby Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1998
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.20
    •  
  • 4940 E Wagoner Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.25
    •  
  • Scottsdale, AZ 4
    • 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
    •  
  • 4824 E Michigan Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1997
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.28
    •  
PROPERTY LISTING DETAILS
Joe Montalto
Usellsmart Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158538
Last Updated: 11/13/2020
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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