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32913 N 68th Place Scottsdale, AZ 85266

2 Beds 2 Baths 2,006 sqft Built 1994

$680,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $338.98
  • 4 Days on Market
  • MLS # : 6156784
  • Updated Date : 11/07/2020 at 08:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,006 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This is the one you have been waiting for! Lovely setting with views of the 15th fairway and a trio of majestic saguaros. Private with the cart path on the opposite side. Move in ready with updates throughout. Great room Sol floor plan showcasing neutral decor, plantation shutters, updated fireplace/TV wall with built-ins. Center island in kitchen has wine chiller, GE Profile appliances, slide out shelves and more. Extra storage in laundry room. Built in Murphy Bed, desk and storage in Den. Master bath with a shower that anyone will love. Enjoy outdoor living, the 4 hole putting green, gas fire pit & the golf course and mountain views. Golf cart garage too! Impeccably maintained with recent exterior paint, A/C and roof. Resort style living at its finest and a great place to call home!

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
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,509
Property Tax -$318
Property Insurance -$66
HOA -$339
Property Management Fees -$99
CASH FLOW
-$561

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.

$680,000

PROJECTED PRICE

$2,770

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$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,307

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
  • $2,934

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,4954$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 32913 N 68th Place Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 2,006 Sqft ∙ Built 1994 2 beds 2 baths ∙ 2,006 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7114 E Aloe Vera Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,670 Sqft ∙ Built 1995
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
  • 32427 N 71st Way Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.45
    •  
  • 33672 N 71st Way Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 2,084 Sqft ∙ Built 1995 2 beds 2 baths ∙ 2,084 Sqft ∙ Built 1995
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.44
    •  
  • 33412 N 69th Place Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.64
    •  
PROPERTY LISTING DETAILS
Jenny Leahy
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156784
Last Updated: 11/07/2020
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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