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32883 N 70th Street Scottsdale, AZ 85266

3 Beds 3 Baths 1,955 sqft Built 1994

$649,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $331.97
  • 3 Days on Market
  • MLS # : 6178804
  • Updated Date : 01/09/2021 at 22:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,955 sqft
  • Baths : 3 full
Listing Agent

Mark Brower Properties, Llc

Listing Agent's Description

Breathtaking single level property in desirable Scottsdale! Offering you a desert landscaping and courtyard where you can enjoy afternoons. Take a look at this impressive interior complete with luxurious chandeliers, a fireplace, and lots of natural light. The spotless kitchen provides white matching appliances, granite counter-tops, lovely back-splash, and recessed lighting. Inside this double-door master suite, you will find big windows that bring in so much natural light and a lavish bathroom with glass step-in shower, dual sinks, separate tub, and walk-in closet. Perfectly sized backyard with covered patio is ready to enjoy. Schedule a showing now and make this gem yours! Take a 3D tour here: https://www.zillow.com/view-3d-home/627d44bc-f96b-4ac4-9cb6-bdfbfcbae276?setAttribution=mls

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k579k

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

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453383

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,254
Property Tax -$303
Property Insurance -$65
HOA -$339
Property Management Fees -$99
CASH FLOW
-$391

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.

$649,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,659

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,4953$2,6704$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 32883 N 70th Street Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.37
    •  
  • 7268 E Eclipse Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.18
    •  
  • 7337 E Russet Sky Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.21
    •  
  • 6962 E Hibiscus Way Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
  • 7500 E Boulders Parkway #49 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
PROPERTY LISTING DETAILS
Mark Brower
Mark Brower Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178804
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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