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30615 N 162nd Street Scottsdale, AZ 85262

3 Beds 3 Baths 2,110 sqft Built 2002

$910,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $431.28
  • 7 Days on Market
  • MLS # : 6202494
  • Updated Date : 03/19/2021 at 22:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Quiet - Quaint - Fully Remodeled! Charming horse property on 7.5 acres! This home has been completely updated with ceramic tile flooring, quartz countertops, all new appliances, new bathrooms, new windows and sliding doors, freshly painted, Norwegian Jotul heat efficient fireplace and much more. This home features a split floor plan, an open kitchen with plenty of storage and a great room concept. Beautiful backyard with pool & spa, view deck, new irrigation system, stunning panoramic views of Iconic Four Peaks, located just steps away from the Tonto National Forest recreational area. Surrounded by trails for horseback riding and hiking.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k858k

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

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453760

* 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
 

$819,000$1,001,000$910,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$3,161
Property Tax -$306
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$1,294

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$910,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$246,900

INVESTMENT

$246,900

Down Payment
$227,500
Rehab Estimate
$5,750
Closing Costs
$13,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,161

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $227,500
Loan Amount $682,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,279

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,300
$2,300
RENT COMPS ANALYSIS
  • 30615 N 162nd Street Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16719 E Mongomery Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2019
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
PROPERTY LISTING DETAILS
Bonnie Burke
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202494
Last Updated: 03/19/2021
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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