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33540 N 70th Way Scottsdale, AZ 85266

2 Beds 3 Baths 2,515 sqft Built 1994

$1,070,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $425.45
  • 1 Days on Market
  • MLS # : 6190917
  • Updated Date : 02/07/2021 at 03:54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,515 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This home is STUNNING and located in one of the quietest sections of Terravita! All new surfaces and move-in ready for the lucky buyers. As you enter the home from the charming front courtyard, you are struck by the wide open floor plan, soaring ceilings and abundant natural light. French hickory hardwood floors in all rooms except baths which have beautiful tile. The kitchen is a chef's dream with professional series Verona stainless steel gas stove with pot filler above. 2 Professional towers ..one fridge and one freezer. Built in drawer microwave and wine fridge. Views of Black Mountain while you are prepping at the kitchen sink! The master retreat includes your very own luxurious spa...complete with soaking tub and the walk-in shower of your dreams!

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
 

$963,000$1,177,000$1,070,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$3,717
Property Tax -$500
Property Insurance -$76
HOA -$339
Property Management Fees -$99
CASH FLOW
-$1,490

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.

$1,070,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.30%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$289,300

INVESTMENT

$289,300

Down Payment
$267,500
Rehab Estimate
$5,750
Closing Costs
$16,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,717

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $267,500
Loan Amount $802,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$104

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
  • $2,590

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$3,000
$3,000
RENT COMPS ANALYSIS
  • 33540 N 70th Way Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,515 Sqft ∙ Built 1994 2 beds 3 baths ∙ 2,515 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 35007 N Sunset Trail Cave Creek, AZ 2
    • 2 beds 2 baths ∙ 2,510 Sqft ∙ Built 1993 2 beds 2 baths ∙ 2,510 Sqft ∙ Built 1993
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 6365 E Evening Glow Drive Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.20
    •  
PROPERTY LISTING DETAILS
Patty St. Clair
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190917
Last Updated: 02/07/2021
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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