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27015 N 65th Place Scottsdale, AZ 85266

3 Beds 2 Baths 2,028 sqft Built 1992

$650,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $320.51
  • 3 Days on Market
  • MLS # : 6202367
  • Updated Date : 03/06/2021 at 05:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,028 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Over an Acre lot w/ beautiful mountain views in a Prime North Scottsdale location w/ no HOA. Single Level 3 Bed 2 bath Territorial style home. This home has been meticulously maintained w/ recent upgrades that include: interior & exterior paint, new foam roof, new carpet & new garage doors. Split floor plan w/ the family room open to the kitchen w/ great natural lighting throughout & Saltillo tile flooring. Gas fireplace in the family room and beautiful wood beam details. Enclosed patio over looking the desert landscaped backyard.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k811k

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

Neighborhood: Desert Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453919

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

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

$585,000$715,000$650,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,258
Property Tax -$304
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$43

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.

$650,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$42,554

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,555

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4003$2,5754$2,7705$2,795
$2,795
RENT COMPS ANALYSIS
  • 27015 N 65th Place Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.37
    •  
  • 24649 N 75th Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1997
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 6116 E Morning Vista Lane Cave Creek, AZ 2
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1991
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.31
    •  
  • 6688 E Duane Lane Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 1996
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.19
    •  
  • 7486 E Christmas Cholla Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1998
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.31
    •  
PROPERTY LISTING DETAILS
Rebekah Liperote
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202367
Last Updated: 03/06/2021
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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