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17827 N 51st Way Scottsdale, AZ 85254

3 Beds 2 Baths 1,881 sqft Built 1998

$600,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $318.98
  • 3 Days on Market
  • MLS # : 6208006
  • Updated Date : 03/20/2021 at 14:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,881 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Triple crown single level with 3 bedrooms + den/office . Den/office does have a closet so easily converted to 4th bedroom. Pool and three car garage too! Tile roof. Island kitchen opens to the family room. Buyer will want to paint and do new flooring but a great opportunity at this price. Owner prefers to sell as/is.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Triple Crown

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k590k

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

Neighborhood: Triple Crown

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
Sunrise Middle School Middle Regular 492 23 7
Horizon High School High Regular 2,262 86 8
Sunrise Middle School Middle Unknown NA

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

Sunrise Middle School

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

$540,000$660,000$600,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,084
Property Tax -$449
Property Insurance -$64
HOA -$12
Property Management Fees -$99
CASH FLOW
-$118

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.

$600,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$24,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,426

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,5003$2,5904$2,6505$2,650
$2,650
RENT COMPS ANALYSIS
  • 17827 N 51st Way Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.38
    •  
  • 4940 E Wagoner Road Scottsdale, AZ 1
    • 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
    •  
  • 4824 E Michigan Avenue Scottsdale, AZ 2
    • 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
    •  
  • 5122 E Charleston Avenue Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1997
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.31
    •  
  • 5405 E Charleston Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.32
    •  
PROPERTY LISTING DETAILS
Donna Cilley
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208006
Last Updated: 03/20/2021
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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