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4821 E Marilyn Road Scottsdale, AZ 85254

3 Beds 2 Baths 1,989 sqft Built 1984

$674,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $339.32
  • 2 Days on Market
  • MLS # : 6157596
  • Updated Date : 11/07/2020 at 20:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,989 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

Welcome home! This 3 bed, 2 bath FULL REMODEL is ready for you...NEW paint, NEW flooring, NEW bathrooms, NEW kitchen, NEW AC, open floor plan, two way fireplace, Accent walls and so much more...Relax in your roomy backyard while enjoying your pebbletec pool and putting green alongside a firepit. This one will go fast residing in the MAGICAL zip 85254.. Make your offer today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shadowridge East

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Shadowridge East

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
Liberty Elementary School Primary Regular 572 30 8
Liberty Elementary School Middle Regular 572 30 8
Horizon High School High Regular 2,262 86 8

Liberty Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Horizon High School

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

$607,410$742,390$674,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,490
Property Tax -$505
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$660

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.

$674,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.37%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$184,599

INVESTMENT

$184,599

Down Payment
$168,725
Rehab Estimate
$5,750
Closing Costs
$10,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,725
Loan Amount $506,175
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,670

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,7004$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 4821 E Marilyn Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.26
    •  
  • 5120 E Janice Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.39
    •  
  • 4922 E Winchcomb Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1979
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.30
    •  
  • 4840 E Hearn Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1979
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.40
    •  
  • 4614 E Marilyn Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 1987
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.28
    •  
PROPERTY LISTING DETAILS
Bryant William Aplass
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157596
Last Updated: 11/07/2020
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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