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33631 N 71st Way Scottsdale, AZ 85266

3 Beds 2 Baths 2,084 sqft Built 1997

$750,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $359.88
  • 6 Days on Market
  • MLS # : 6165443
  • Updated Date : 12/03/2020 at 20:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,084 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

33631 N 71 Way is the pinnacle of North Scottsdale living. Located in the prestigious Guard Gated Golf Course Community of Terravita, with an over-sized corner lot, cul-de-sac location, 33631 is flooded with natural light. Bright, private, and full of over $150,000 in upgrades in the last year. This Caelum model floor plan features 3-bedrooms with two full baths. The kitchen is a full chef's kitchen, complete with KitchenAid stainless steel built-in refrigerator and a professional series 6-burner stainless steel gas range. The custom white painted shaker cabinets are solid wood throughout and feature soft close drawers and doors. The kitchen is capped with an oversized island with waterfall, artic white quartz countertops and CB2 brushed brass cabinet hardware-- giving the kitchen a true

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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,767
Property Tax -$350
Property Insurance -$68
HOA -$113
Property Management Fees -$99
CASH FLOW
-$767

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.

$750,000

PROJECTED PRICE

$2,630

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

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,834

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,4953$2,6304$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 33631 N 71st Way Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.26
    •  
  • 7268 E Eclipse Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.18
    •  
  • 7337 E Russet Sky Drive Scottsdale, AZ 2
    • 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
    •  
  • 6962 E Hibiscus Way Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
  • 7500 E Boulders Parkway #49 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1989
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
PROPERTY LISTING DETAILS
Attila Juhasz
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165443
Last Updated: 12/03/2020
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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