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3500 N Hayden Road #2012 Scottsdale, AZ 85251

2 Beds 1 Baths 962 sqft Built 1979

$225,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $233.89
  • 2 Days on Market
  • MLS # : 6194139
  • Updated Date : 02/13/2021 at 20:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 962 sqft
  • Baths : 1 full
Listing Agent

Faith Real Estate And Investments, Llc

Listing Agent's Description

1 bedroom Plus LOFT with a large closet can be 2nd bedroom or office!!Beautiful resort style Condo Conversion adjacent to Golf Course Gorgeous views. Community has 2 pools, clubhouse, health facility, home theater. Close to downtown.Kitchen features (Not Pictured YET) New never been used SS Range and Dishwasher. Lovely Granite Counter tops. Laundry in the home. Private Balcony. The loft can be used as an Office or 2nd Bedroom. Thank you for showing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $84k465k

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

Neighborhood: Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28001000120014001600180020002200240026002800Rent in $7342993

* 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
Pima Elementary School Primary Regular 565 34 8
Coronado High School High Regular 1,039 61 2
Pima Elementary School Primary Unknown NA

Pima Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
8
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating

Pima Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$782
Property Tax -$105
Property Insurance -$46
HOA -$246
Property Management Fees -$99
CASH FLOW
$172

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$225,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$27,004

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
  • $1,448

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4004$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 3500 N Hayden Road #2012 Scottsdale, AZ 1
    • 2 beds 1 baths ∙ 962 Sqft ∙ Built 1979 2 beds 1 baths ∙ 962 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3500 N Hayden Road #1906 Scottsdale, AZ 2
    • 2 beds 1 baths ∙ 962 Sqft ∙ Built 1979 2 beds 1 baths ∙ 962 Sqft ∙ Built 1979
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.46
    •  
  • 3500 N Hayden Road #2008 Scottsdale, AZ 3
    • 2 beds 1 baths ∙ 962 Sqft ∙ Built 1979 2 beds 1 baths ∙ 962 Sqft ∙ Built 1979
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.46
    •  
  • 3600 N Hayden Road #2607 Scottsdale, AZ 4
    • 2 beds 1 baths ∙ 934 Sqft ∙ Built 1979 2 beds 1 baths ∙ 934 Sqft ∙ Built 1979
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.55
    •  
  • 3600 N Hayden Road #2602 Scottsdale, AZ 5
    • 2 beds 1 baths ∙ 934 Sqft ∙ Built 1979 2 beds 1 baths ∙ 934 Sqft ∙ Built 1979
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.55
    •  
PROPERTY LISTING DETAILS
Joan Faith
Faith Real Estate And Investments, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194139
Last Updated: 02/13/2021
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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