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4814 N Miller Road Scottsdale, AZ 85251

2 Beds 1 Baths 1,200 sqft Built 1961

$349,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $290.83
  • 3 Days on Market
  • MLS # : 6172747
  • Updated Date : 12/18/2020 at 12:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,200 sqft
  • Baths : 1 full
Listing Agent

Metro Realty Professionals

Listing Agent's Description

Hurry to this Charming, Updated Casita, Located in the Highly Sought After Retirement/Historic District of Villa Monterey, Tasteful Improvements Throughout, Freshly Painted, Designer Paint Colors, Replaced Windows, Beautiful Window Coverings, Updated Kitchen, Replaced Kitchen Appliances, Kitchen Window Shutter, Gorgeous Updated Bathroom (Walk in Shower with Decorative Tile Surround & Glass Enclosure), Tile Flooring Throughout, Newly Installed Master Closet Doors, Master Exit Door to Outdoor Covered Patio, Linen Storage Cabinet, Skylight, Inside Laundry & Hobby Rooms, Refrigerator, Washer & Dryer Included, Stunning Resort Like Backyard, Great for Entertaining, Enjoy the Outdoor Sitting Bar with a Large Covered Umbrella, Extended Cover Patio with Misting System,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villa Monterey

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Villa Monterey

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9532993

* 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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,288
Property Tax -$163
Property Insurance -$51
HOA -$5
Property Management Fees -$99
CASH FLOW
$204

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.

$349,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$49,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6754$1,8105$1,850
$1,850
RENT COMPS ANALYSIS
  • 4814 N Miller Road Scottsdale, AZ 4
    • 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.51
    •  
  • 4804 N 73rd Street Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,075 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,075 Sqft ∙ Built 1971
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.44
    •  
  • 4846 N Woodmere Fairway -- #6 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1969
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.43
    •  
  • 7521 E Mariposa Drive Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,098 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,098 Sqft ∙ Built 1961
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.53
    •  
  • 4848 N Woodmere Fairway Freeway #2 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1969
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.66
    •  
PROPERTY LISTING DETAILS
Randall Edgar
Metro Realty Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172747
Last Updated: 12/18/2020
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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