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2119 N 70th Place Scottsdale, AZ 85257

3 Beds 2 Baths 1,697 sqft Built 1958

$510,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $300.53
  • 3 Days on Market
  • MLS # : 6160252
  • Updated Date : 11/13/2020 at 15:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,697 sqft
  • Baths : 2 full
Listing Agent

The Daniel Montez Real Estate Group

Listing Agent's Description

Incredible opportunity to own this mid-century Scottsdale bungalow on an enormous lot!. Charming curb appeal with mature shade trees leads you into the light and bright interior featuring an open concept floorplan. Brand new kitchen boasts stainless steel appliances, tile backsplash and beautiful gray shaker style cabinetry. Lovely master bedroom with plantation shutters and en suite. The backyard is the biggest in the area, with a wall of oleander for privacy, and a sparkling pool. Steps to dining and easy access to schools, golf, shopping, spring training, Papago Park, freeways and so much more. Do not miss out on this rare opportunity in a fantastic area!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Papago Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $83k465k

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

Neighborhood: Papago Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $8622993

* 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
Tonalea K-8 School Primary Regular 341 26 3
Tonalea K-8 School Middle Regular 341 26 3
Coronado High School High Regular 1,039 61 2

Tonalea K-8 School

  • Education Level: Primary
  • # of students: 341
  • # of teachers: 26
3
GreatSchools Rating

Tonalea K-8 School

  • Education Level: Middle
  • # of students: 341
  • # of teachers: 26
3
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$459,000$561,000$510,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,882
Property Tax -$239
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$319

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.

$510,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

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$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$12,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,9604$1,9755$1,995
$1,995
RENT COMPS ANALYSIS
  • 2119 N 70th Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.15
    •  
  • 2316 N 72nd Place Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1957
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.16
    •  
  • 6801 E Vernon Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1959
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.12
    •  
  • 2227 N 71st Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1956
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.14
    •  
  • 6901 E Palm Lane Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1957
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.18
    •  
PROPERTY LISTING DETAILS
Nathan J Claiborn
The Daniel Montez Real Estate Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160252
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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