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4614 N 66th Street Scottsdale, AZ 85251

3 Beds 3 Baths 3,379 sqft Built 1958

$1,599,999

List Price

$4,510

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $473.51
  • 35 Days on Market
  • MLS # : 6168519
  • Updated Date : 12/07/2020 at 08:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,379 sqft
  • Baths : 2 full , 1 half
Listing Agent

Flat List Re

Listing Agent's Description

Home located on the east side of the Phoenician Golf Course on an acre lot. Total remodel completed in 2012. This two-story contemporary remodel includes an elevator, two master suites with bath and walk-in dressing area. All new plumbing, new septic, new roof, electrical, doors, windows, tile floors and quartz countertops throughout. Commanding view of Camelback Mountain from patio and pool area on ground level plus second story covered porch. Walk to Old Town Scottsdale, Scottsdale Fashion Square, restaurants, and Cholla Trailhead. No HOA

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monterey Arcadia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Monterey Arcadia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$1,439,999$1,759,999$1,599,999

PURCHASE PRICE

$4,059$4,961$4,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,510
EXPENSES Loan Payment -$5,557
Property Tax -$748
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
-$1,988

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.

$1,599,999

PROJECTED PRICE

$4,510

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.5%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$429,750

INVESTMENT

$429,750

Down Payment
$400,000
Rehab Estimate
$5,750
Closing Costs
$24,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,557

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $400,000
Loan Amount $1,199,999
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,089

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
  • $5,136

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9903$5,0004$5,5005$5,550
$5,550
RENT COMPS ANALYSIS
  • 4614 N 66th Street Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,379 Sqft ∙ Built 1958 3 beds 3 baths ∙ 3,379 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3808 N 56th Street Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 1962 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 1962
    property image
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.24
    •  
  • 6930 E Mariposa Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 1957 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 1957
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.43
    •  
  • 3833 N 60th Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,157 Sqft ∙ Built 1965 4 beds 3 baths ∙ 3,157 Sqft ∙ Built 1965
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.74
    •  
  • 6112 E Calle Del Media -- Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,317 Sqft ∙ Built 1957 4 beds 4 baths ∙ 3,317 Sqft ∙ Built 1957
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,550
    • $1.67
    •  
PROPERTY LISTING DETAILS
Stacie C Whitfield
Flat List Re
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168519
Last Updated: 12/07/2020
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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