Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3313 N 68th Street #104 Scottsdale, AZ 85251

2 Beds 2 Baths 932 sqft Built 1971

$205,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $219.96
  • 3 Days on Market
  • MLS # : 6165227
  • Updated Date : 11/27/2020 at 15:37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 932 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to your Fabulous 2 Bedroom/2Bathroom home. It is quaint and cozy with a very welcoming feel. Master Bedroom is roomy with its own Bathroom.. Community Pool for those warm Arizona days. Located within Gated Community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Ciento

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $55k465k

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

Neighborhood: The Ciento

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $8622993

* 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
Tonalea K-8 School Primary Regular 341 26 3
Tonalea K-8 School Middle Regular 341 26 3
Coronado High School High Regular 1,039 61 2

Tonalea K-8 School

  • Education Level: Primary
  • # of students: 341
  • # of teachers: 26
3
GreatSchools Rating

Tonalea K-8 School

  • Education Level: Middle
  • # of students: 341
  • # of teachers: 26
3
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$756
Property Tax -$96
Property Insurance -$45
HOA -$345
Property Management Fees -$99
CASH FLOW
-$2

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.

$205,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$10,504

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
  • $1,333

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,3504$1,3755$1,450
$1,450
RENT COMPS ANALYSIS
  • 3313 N 68th Street #104 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3314 N 68th Street #148 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.23
    •  
  • 3314 N 68th Street #226 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.45
    •  
  • 3314 N 68th Street #141 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.48
    •  
  • 3313 N 68th Street #230 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971 2 beds 2 baths ∙ 932 Sqft ∙ Built 1971
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.56
    •  
PROPERTY LISTING DETAILS
Andrea Cuadros
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165227
Last Updated: 11/27/2020
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.

BESbswy