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2621 N 69th Place Scottsdale, AZ 85257

3 Beds 2 Baths 1,454 sqft Built 1958

$450,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $309.49
  • 3 Days on Market
  • MLS # : 6159778
  • Updated Date : 11/13/2020 at 20:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Nestled near Old Town Scottsdale and Arcadia, this updated home truly brings incredible charm! The kitchen boasts white cabinets, quartz countertops, coffee bar, and an oversized island that looks over the great room. Open your french doors into your backyard oasis, where you are met by a large covered patio, pavers, and custom turf, making it a low maintenance space and great for entertaining. With 3 bedrooms and 2 bathrooms, this home checks off all the boxes. Centrally located with easy access to the 101 and 202 freeways, makes getting around town a breeze.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Inmar Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k465k

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

Neighborhood: Inmar Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10442993

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,660
Property Tax -$210
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$15

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.

$450,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.2%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$31,330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,057

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$2,0104$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 2621 N 69th Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.38
    •  
  • 2801 N 68th Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1960
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.34
    •  
  • 6845 E Avalon Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1957
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.42
    •  
  • 6408 E Cambridge Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.38
    •  
  • 6840 E Windsor Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1957
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.52
    •  
PROPERTY LISTING DETAILS
Bryce Schotz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159778
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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