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33371 N 71st Street Scottsdale, AZ 85266

3 Beds 3 Baths 2,358 sqft Built 1995

$799,900

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $339.23
  • 3 Days on Market
  • MLS # : 6181232
  • Updated Date : 01/15/2021 at 16:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,358 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sgt Fine Properties

Listing Agent's Description

SPECTACULAR STELLA MODEL WITH 3 CAR GARAGE!IMPECCABLE 3 BEDROOMS & DEN WITH BUILT IN DESKS & SHELVING. WALK IN & LOOK RIGHT OUT TO WONDERFUL WINFIELD MOUNTAIN VIEWS! FLOOR TO CEILING DOORS THAT LEAD TO TRANQUIL RESORT LIKE BACKYARD & PATIO. SOOTHING WATERFALL, LUSH LANDSCAPE FRONT & BACK, TRAVERTINE TILED EXTENDED PATIO W/ HARD PIPED GAS T0 BBQ.SELLER HAS TASTEFULLY UPDATED HOME FEATURING DARK WOOD DOORS, NEW HARDWARE, KITCHEN W/ GRANITE AND REFINISHED CABINETS, GE PROFILE APPLIANCES, SURROUND SOUND, WOOD BLINDS,LAUNDRY SINK, NEW ROOF 2020, PAINT,HOT H2O HEATER, NEW GARAGE OPENERS, CABINETS, STORAGE SHELVES, NEW AC UNIT & 2 FIREPLACES. GATED FRONT PATIO. PERFECT TOUCHES THROUGHOUT 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
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,778
Property Tax -$374
Property Insurance -$73
HOA -$339
Property Management Fees -$99
CASH FLOW
-$523

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.

$799,900

PROJECTED PRICE

$3,140

PROJECTED RENT

0.39%

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-$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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$9,616

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
  • $2,706

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,4954$2,6005$2,695
$2,695
RENT COMPS ANALYSIS
  • 33371 N 71st Street Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 33301 N 81st Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2001
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.08
    •  
  • 7337 E Russet Sky Drive Scottsdale, AZ 3
    • 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
    •  
  • 7270 E Eagle Feather Road Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.06
    •  
  • 5714 E Jake Haven Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2013
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.24
    •  
PROPERTY LISTING DETAILS
Sherry L Gaertner Tibbets
Sgt Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181232
Last Updated: 01/15/2021
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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