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4702 N Miller Road Scottsdale, AZ 85251

4 Beds 2 Baths 1,572 sqft Built 1958

$524,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $333.91
  • 3 Days on Market
  • MLS # : 6167936
  • Updated Date : 12/04/2020 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,572 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

UNMATCHED 85251 LOCATION!!! 4BR/2BA & a complete remodel includes new lighting, plumbing fixtures, and vinyl wood & tile throughout! Quartz countertops, new appliances & remodeled bathrooms are tastefully updated w/ designer finishes! All updates have been made within the original brick exterior walls, allowing this home to retain its original character! This home has been renovated with attention to detail with peekaboo Camelback Mountain views! Two minutes to Scottsdale Fashion Square and Scottsdale Rd! Only five minutes to Loop 101 FWY, 15 minutes to Arizona State University and Sky Harbor Airport! This is an absolute must see!

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
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
 

$472,410$577,390$524,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,937
Property Tax -$245
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$349

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.

$524,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.38%

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$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

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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,296

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
  • $2,095

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,0954$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 4702 N Miller Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4530 N 75th Place Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,545 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,545 Sqft ∙ Built 1957
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.29
    •  
  • 4626 N 74th Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1955
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.27
    •  
  • 7501 E Minnezona Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1958
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.27
    •  
  • 7508 E Coolidge Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1958
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.50
    •  
PROPERTY LISTING DETAILS
Mark Captain
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167936
Last Updated: 12/04/2020
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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