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4520 N 82nd Street Scottsdale, AZ 85251

4 Beds 4 Baths 2,210 sqft Built 1973

$575,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $260.18
  • 2 Days on Market
  • MLS # : 6157220
  • Updated Date : 12/05/2020 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,210 sqft
  • Baths : 3 full , 1 half
Listing Agent

Launch Real Estate

Listing Agent's Description

INCOME PROPERTY OPPORTUNITY, BIKE TO OLD TOWN SCOTTSDALE! Home features 4 bedrooms & 3.5 baths with a large split Master bedroom floor plan with French doors leading to huge backyard with synthetic lawn. Wonderful updated finishes throughout! Expansive backyard for entertaining includes synthetic turf, putting green, newer shell-stone pavers, covered patio, BBQ Island, & mature fruit producing citrus tree. New roof in 2017, and home remodeled in 2013 with 2 car garage. Enjoy the walkability or cycle to Old Town, the green belt, dog park, and so much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Country Acres

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Country Acres

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
Pueblo Elementary School Primary Regular 492 28 9
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Pueblo Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 28
9
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,122
Property Tax -$269
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$270

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.

$575,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$35k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$71,643

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,830

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,028

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,8303$2,8504$3,3505$3,500
$3,500
RENT COMPS ANALYSIS
  • 4520 N 82nd Street Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 2,210 Sqft ∙ Built 1973 4 beds 4 baths ∙ 2,210 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.28
    •  
  • 7770 E Camelback Road #16 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1972
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.14
    •  
  • 8100 E Camelback Road #17 Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1989
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.29
    •  
  • 8555 E Roma Avenue Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 1966 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 1966
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.52
    •  
  • 8345 E Devonshire Avenue Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,289 Sqft ∙ Built 1959 5 beds 3 baths ∙ 2,289 Sqft ∙ Built 1959
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.53
    •  
PROPERTY LISTING DETAILS
Angela Phillips
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157220
Last Updated: 12/05/2020
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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