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31651 N 71st Street Scottsdale, AZ 85266

4 Beds 3 Baths 3,405 sqft Built 2008

$925,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $271.66
  • 4 Days on Market
  • MLS # : 6162425
  • Updated Date : 11/19/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,405 sqft
  • Baths : 3 full
Listing Agent

Royalty Real Estate Services

Listing Agent's Description

Luxury living in beautiful Scottsdale! This secluded desert retreat situated on over an acre features all the upgrades needed for upscale living in the desert with no HOA. Over 7,000 square feet of pavers adorn the circular drive and front patio. The custom crafted front door grants entry to this four bedroom, three bath home has been updated and upgraded at every turn. Stone and hardwood flooring, abundant knotty alder cabinets, island kitchen with granite counters, GE Monogram appliances including built-in refrigerator and drink drawers, Thermador cooktop and oven & wine refrigerator. Formal dining room, living room, media room with mahogany fireplace, guest room with a full bath and large laundry room perfectly complete the first floor.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulders

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k717k

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

Neighborhood: Boulders

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453924

* 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
Lone Mountain Elementary School Primary Regular 589 31 9
Lone Mountain Elementary School Middle Regular 589 31 9
Cactus Shadows High School High Regular 1,704 70 8

Lone Mountain Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Lone Mountain Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

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

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,413
Property Tax -$432
Property Insurance -$94
Property Management Fees -$99
CASH FLOW
-$637

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.

$925,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$17,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $3,439

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4003$3,4004$3,500
$3,500
RENT COMPS ANALYSIS
  • 31651 N 71st Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,405 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,405 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.00
    •  
  • 30396 N 72nd Place Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,174 Sqft ∙ Built 2005
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.01
    •  
  • 29771 N 67th Street Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,524 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,524 Sqft ∙ Built 1997
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.96
    •  
  • 6772 E Duane Lane Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,312 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,312 Sqft ∙ Built 1996
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Derek Sivley
Royalty Real Estate Services
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162425
Last Updated: 11/19/2020
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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