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33686 N 71st Street Scottsdale, AZ 85266

2 Beds 3 Baths 2,515 sqft Built 1995

$779,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $309.74
  • 3 Days on Market
  • MLS # : 6184713
  • Updated Date : 01/24/2021 at 00:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,515 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sonoran Properties Associates

Listing Agent's Description

This is a remarkable home. This Luna model has been lovingly cared for by its only owners. Though the years there have been many refinements throughout the home and property. Most recently, the kitchen and wet bar were refurbished with new appliances and a complete cabinet revamp (paint and new doors) together with attention getting quartz and granite countertops. The owners had a desire to update to a super-sized TV, and together with their contractor designed a practical solution maintaining the integrity of model's flowing floor plan. The kitchen, breakfast area and family room remain seamless. The centric plan joins the living and dining rooms so that guests are together with the hosts. This two bedroom with den home is extremely versatile when accommodating visitors.

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
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,706
Property Tax -$364
Property Insurance -$76
HOA -$339
Property Management Fees -$99
CASH FLOW
-$314

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.

$779,000

PROJECTED PRICE

$3,270

PROJECTED RENT

0.42%

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$25k

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,706

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$19,615

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
  • 33686 N 71st Street Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,515 Sqft ∙ Built 1995 2 beds 3 baths ∙ 2,515 Sqft ∙ Built 1995
    • 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
Charles V. Majka
Sonoran Properties Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184713
Last Updated: 01/24/2021
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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