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4848 N Woodmere Fairway -- #9 Scottsdale, AZ 85251

2 Beds 2 Baths 1,112 sqft Built 1969

$275,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $247.30
  • 6 Days on Market
  • MLS # : 6166194
  • Updated Date : 12/02/2020 at 13:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,112 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Amazing Old Town Scottsdale location! Resort style living! Private end unit next to sparkling blue pool. Only a five minute walk to Scottsdale Fashion Square, theaters, and numerous upscale restaurants! Just minutes from lake park, golf, and Camelback Mountain hiking. Features a private poolside patio, extra private storage area, covered parking, poolside activity room, and community laundry room on site. Own a piece of classic Scottsdale!

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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,015
Property Tax -$129
Property Insurance -$49
HOA -$230
Property Management Fees -$99
CASH FLOW
$219

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.

$275,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$41,676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $1,732

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,7404$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 4848 N Woodmere Fairway -- #9 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.56
    •  
  • 4846 N Woodmere Fairway -- #6 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1969
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.43
    •  
  • 7321 E Northland Drive #15 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 999 Sqft ∙ Built 1963 2 beds 2 baths ∙ 999 Sqft ∙ Built 1963
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.60
    •  
  • 7401 E Northland Drive #11 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,138 Sqft ∙ Built 1968 2 beds 2 baths ∙ 1,138 Sqft ∙ Built 1968
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.54
    •  
  • 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
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.66
    •  
PROPERTY LISTING DETAILS
David Kinnaman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166194
Last Updated: 12/02/2020
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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