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3095 E Scorpio Place Chandler, AZ 85249

3 Beds 2 Baths 1,914 sqft Built 2003

INVESTimate

$440,000

List Price

$1,680

$1,512 - $1,848

Rent Est.

$449,680  ( +2.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $229.89
  • 5 Days on Market
  • MLS # : 6120920
  • Updated Date : 08/23/2020 at 22:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,914 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Welcome to the private gated community of Mesquite Grove Estates. This is a beautiful home with a greenroom floorplan opened to the kitchen and breakfast bar! Beautiful cherry cabinets, granite countertops, Viking stove & stainless steel appliances, kitchen island and large kitchen nook over looking the backyard. Enjoy the amenities of a split floorplan, gas fireplace, gated wine cellar, 9ft ceilings, great entertainer's backyard with a build-in gas BBQ, fire pit, paver covered patio water fountain and putting green. The home as a large, spacious 3-car garage with built-in cabinets. Newer AC Unit too. Great shopping and grocery stores near by! Come see this great house.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mesquite Grove Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Mesquite Grove Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Carlson Elementary School Primary Unknown 726 39 NA
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,623
Property Tax -$313
Property Insurance -$65
HOA -$105
Property Management Fees -$99
CASH FLOW
-$525

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.

$440,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.20%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,684

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5253$1,5504$1,6805$1,850
$1,850
RENT COMPS ANALYSIS
  • 3095 E Scorpio Place Chandler, 4
    • 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.88
    •  
  • 2862 E Augusta Avenue Chandler, 1
    • 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2001
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 6152 S Sharon Court Chandler, 2
    • 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2001
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.83
    •  
  • 2951 E La Costa Drive Chandler, 3
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2001
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 2881 E Cherry Hills Drive Chandler, 5
    • 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2001
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jill L. Rother
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120920
Last Updated: 08/23/2020
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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