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4802 E Laurel Lane Scottsdale, AZ 85254

4 Beds 2 Baths 2,100 sqft Built 1975

INVESTimate

$498,000

List Price

$2,360

$2,124 - $2,596

Rent Est.

$527,880  ( +6.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $237.14
  • 5 Days on Market
  • MLS # : 6121351
  • Updated Date : 08/24/2020 at 19:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,100 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 3 bedroom plus bonus room home in great Scottsdale location. Private resort like back yard has sparkling pool and ramada.Garage was converted into 4th bedroom/flex room but would be easy for new owner to convert back to garage if desired.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tami Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Tami Estates

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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$448,200$547,800$498,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,837
Property Tax -$255
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$100

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.

$498,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.00%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,720

INVESTMENT

$137,720

Down Payment
$124,500
Rehab Estimate
$5,750
Closing Costs
$7,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,500
Loan Amount $373,500
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$49,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,657

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,5003$2,6004$2,6955$2,795
$2,795
RENT COMPS ANALYSIS
  • 4802 E Laurel Lane Scottsdale, 1
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.12
    •  
  • 5002 E Columbine Drive Scottsdale, 2
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1976
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 4950 E Laurel Lane Scottsdale, 3
    • 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 1973
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.27
    •  
  • 11048 N 42nd Place Phoenix, 4
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1975
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.28
    •  
  • 5121 E Larkspur Drive Scottsdale, 5
    • 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.26
    •  
PROPERTY LISTING DETAILS
Natasha E. Parmar
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121351
Last Updated: 08/24/2020
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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