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2823 N 69th Place Scottsdale, AZ 85257

3 Beds 2 Baths 1,684 sqft Built 1957

INVESTimate

$447,750

List Price

$1,860

$1,674 - $2,046

Rent Est.

$479,898  ( +7.18%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $265.88
  • 9 Days on Market
  • MLS # : 6119133
  • Updated Date : 08/24/2020 at 10:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,684 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Looking for a fully updated and upgraded home near Old Town Scottsdale? This 3-bedroom home is worth checking out in person. The large family room is separated from the living room, giving everyone space and privacy. Enjoy a beverage on your large shaded back patio and run your feet through the cool grass in your perfect-sized lawn. The upgraded kitchen with gas range, granite countertops, and beautiful cabinets makes meal prep a breeze! Head out for a walk, run, or bike ride through nearby Papago Park. You'll be conveniently located to the Phoenix Zoo, Desert Botanical Garden, several golf courses and of course, shopping, restaurants, and freeways. Sound interesting? And...NO HOA! Come tour your next home today!

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
 

$402,975$492,525$447,750

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,652
Property Tax -$209
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$160

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.

$447,750

PROJECTED PRICE

$1,860

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.18%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,404

INVESTMENT

$124,404

Down Payment
$111,938
Rehab Estimate
$5,750
Closing Costs
$6,716

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,652

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,938
Loan Amount $335,813
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$18,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6353$1,7254$1,8605$2,400
$2,400
RENT COMPS ANALYSIS
  • 2823 N 69th Place Scottsdale, 4
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.10
    •  
  • 2618 N 68th Place Scottsdale, 1
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1959
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 2515 N 68th Street Scottsdale, 2
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1959
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $1.09
    •  
  • 6911 E Edgemont Avenue Scottsdale, 3
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1957
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.05
    •  
  • 2427 N 68th Street Scottsdale, 5
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1959
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.34
    •  
PROPERTY LISTING DETAILS
Tom Mayer
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119133
Last Updated: 08/24/2020
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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