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33681 N 79th Street Scottsdale, AZ 85266

3 Beds 4 Baths 3,187 sqft Built 2001

$850,000

List Price

$4,110

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $266.71
  • 5 Days on Market
  • MLS # : 6205155
  • Updated Date : 03/10/2021 at 20:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,187 sqft
  • Baths : 3 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

VACANT! GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access. Spacious 1 story, 3 bedroom, 3.5 bath floor plan with a 3-car garage. The kitchen features warm tone stained cabinets, Corian counter tops, and a stainless steel appliance package with a built-in refrigerator. NEW Interior paint throughout. NEW carpeting throughout. The backyard features a covered patio, built-in BBQ. Tour today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k557k

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

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453888

* 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
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,699$4,521$4,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,110
EXPENSES Loan Payment -$2,952
Property Tax -$421
Property Insurance -$89
HOA -$80
Property Management Fees -$99
CASH FLOW
$469

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.

$850,000

PROJECTED PRICE

$4,110

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.9%
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$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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 35% 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 $637,500
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$95,239

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
  • $4,143

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$3,9754$4,000
$4,000
RENT COMPS ANALYSIS
  • 33681 N 79th Street Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 3,187 Sqft ∙ Built 2001 3 beds 4 baths ∙ 3,187 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8535 E Preserve Way Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,229 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,229 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.21
    •  
  • 7665 E Old Paint Trail Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 1988
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,975
    • $1.36
    •  
  • 6524 E Amber Sun Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205155
Last Updated: 03/10/2021
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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