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34319 N 68th Place Scottsdale, AZ 85266

2 Beds 2 Baths 1,974 sqft Built 1997

$670,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $339.41
  • 3 Days on Market
  • MLS # : 6206569
  • Updated Date : 03/12/2021 at 23:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,974 sqft
  • Baths : 2 full
Listing Agent

Sonoran Properties Associates

Listing Agent's Description

An inviting comfortable home where the Terravita lifestyle is yours to enjoy. The property fronts a quiet cul-de-sac and has natural area behind. The location is likely to be tops on buyers' lists. Black Mountain is in view from the front patio. And, it's less than three blocks from Terravita's central amenity core. The highly appealing 2-bed 2 bath Crista's floor plan features an open design. The kitchen's nicely-sized island compliments food preparation and a focal point to gather for conversation. The kitchen, too ''opens'' to the breakfast and family area. Family and friends are together here. A door to the pleasant patio and back yard enhances the living and entertaining experience. Press the More link for additional information......

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
 

$603,000$737,000$670,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,327
Property Tax -$313
Property Insurance -$66
HOA -$339
Property Management Fees -$99
CASH FLOW
-$244

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.

$670,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$183,300

INVESTMENT

$183,300

Down Payment
$167,500
Rehab Estimate
$5,750
Closing Costs
$10,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,327

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,500
Loan Amount $502,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$18,008

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
  • $2,902

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,3954$2,4955$3,200
$3,200
RENT COMPS ANALYSIS
  • 34319 N 68th Place Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,974 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,974 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7371 E Sunset Sky Circle Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,734 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,734 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.36
    •  
  • 6763 E Whispering Mesquite Trail Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.43
    •  
  • 32427 N 71st Way Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 1995
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.45
    •  
  • 33412 N 69th Place Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,955 Sqft ∙ Built 1995
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.64
    •  
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 #: 6206569
Last Updated: 03/12/2021
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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