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3821 N 85th Place Scottsdale, AZ 85251

4 Beds 2 Baths 1,909 sqft Built 1966

$620,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $324.78
  • 4 Days on Market
  • MLS # : 6177781
  • Updated Date : 01/08/2021 at 22:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Nestled on a quiet cul-de-sac with an oversized lot in the PERFECT CENTRAL SCOTTSDALE LOCATION, this home is an ENTERTAINER'S DREAM. Tastefully REMODELED, it boasts a GOURMET KITCHEN and OPEN FLOOR PLAN beaming with NATURAL LIGHT. Step through the large laundry and storage room to your own PRIVATE BACKYARD OASIS with sparkling pool, lush turf and built-in BBQ. Set up the bonus room as your at-home office, den, game room, or workout area. This home is the perfect escape, or makes an ideal vacation rental (it is an active Airbnb; furnishings can be sold on a separate bill of sale). You'll never want to leave home again.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pointe Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Pointe Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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

  • 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
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,153
Property Tax -$290
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$103

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.

$620,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.8%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$46,365

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
  • $2,319

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,2954$2,3805$2,650
$2,650
RENT COMPS ANALYSIS
  • 3821 N 85th Place Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8638 E Amelia Avenue Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1971
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 8044 E Indianola Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1957
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.27
    •  
  • 8341 E Mackenzie Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.24
    •  
  • 8337 E Fairmount Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.32
    •  
PROPERTY LISTING DETAILS
Carissa Lee Vivirito
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177781
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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