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33075 N 71st Way Scottsdale, AZ 85266

3 Beds 3 Baths 2,320 sqft Built 1997

$849,999

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $366.38
  • 3 Days on Market
  • MLS # : 6204029
  • Updated Date : 03/13/2021 at 17:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,320 sqft
  • Baths : 3 full
Listing Agent

Success Property Brokers

Listing Agent's Description

Experience Resort Living in North Scottsdale! Stunning 3 bedroom, 3 bath, Caelum Casita model on a large corner lot, with mountain views! Tastefully remodeled 2018 & 2019. Beautiful porcelain tile & carpet throughout. Large kitchen island with granite kitchen/bathroom counter tops. White shaker kitchen cabinets, Gas stove, Gorgeous master shower! Double vanity sinks with shaker Expresso cabinets. Entertainment wall units in Great room area. Surround sound inside & patio. Relaxing backyard with spa & water feature. Sunscreens on all windows. New water heater. Amenities- Terrivita Golf & Country Club features 18 hole golf-gated community, clubhouse with 2 dining areas, heated pool. fitness center & 6 tennis courts. There are plenty of walking & hiking trails. Restaurants & shops close by!

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
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
 

$764,999$934,999$849,999

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,952
Property Tax -$397
Property Insurance -$72
HOA -$113
Property Management Fees -$99
CASH FLOW
-$684

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.

$849,999

PROJECTED PRICE

$2,950

PROJECTED RENT

0.35%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,499
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,995

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,935

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6003$2,6954$2,9505$3,600
$3,600
RENT COMPS ANALYSIS
  • 33075 N 71st Way Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.27
    •  
  • 7337 E Russet Sky Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.21
    •  
  • 7270 E Eagle Feather Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.06
    •  
  • 5714 E Jake Haven Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2013
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.24
    •  
  • 6097 E Brilliant Sky Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.55
    •  
PROPERTY LISTING DETAILS
Lynda Norment
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204029
Last Updated: 03/13/2021
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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