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4819 E Libby Street Scottsdale, AZ 85254

3 Beds 2 Baths 2,326 sqft Built 1998

$685,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $294.50
  • 3 Days on Market
  • MLS # : 6195633
  • Updated Date : 02/20/2021 at 22:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,326 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Step into your own resort style home that's been fully renovated inside and out. You'll see quality materials and attention to every detail. Three bedrooms+ office and dining/flex space. Split master suite is complete with barn door entrance to spa-like bathroom. Entertain in style out in the South Facing backyard with large travertine fireplace, BBQ Grill and seating area. There's an inviting pebble tec pool with removable fence. Upon driving up to the house, see a large shade tree and paver walkway to a welcoming front entrance. Inside, wood-plank tile floors greet you taking you past spacious dining/flex room to an open great room with updated kitchen including double ovens and a spacious island/breakfast bar. Custom window coverings. Act quickly to see this home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Del Camino Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k535k

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

Neighborhood: Del Camino Ranch

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
Sunrise Middle School Middle Regular 492 23 7
Horizon High School High Regular 2,262 86 8
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,379
Property Tax -$513
Property Insurance -$73
HOA -$19
Property Management Fees -$99
CASH FLOW
-$242

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.

$685,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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-$5.0k$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$20,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,937

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,8404$2,8505$3,400
$3,400
RENT COMPS ANALYSIS
  • 4819 E Libby Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,326 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,326 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.22
    •  
  • 16614 N 49th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2001
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.16
    •  
  • 4432 E Anderson Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1994
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.25
    •  
  • 16816 N 51st Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.24
    •  
  • 4848 E Charleston Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 1997
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.40
    •  
PROPERTY LISTING DETAILS
Paige Heavey
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195633
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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