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4901 E Kings Avenue Scottsdale, AZ 85254

4 Beds 3 Baths 2,556 sqft Built 1988

$715,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $279.73
  • 5 Days on Market
  • MLS # : 6185259
  • Updated Date : 01/27/2021 at 21:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,556 sqft
  • Baths : 3 full
Listing Agent

The Brokery

Listing Agent's Description

Look no further! This stunning home features 4 bedrooms, 3 bathrooms, spacious living areas, a 3 car garage, and resort-like backyard! The kitchen offers white shaker soft close cabinets, quartz countertops, and stainless steel appliances. Each bathroom has been professionally designed with unique tiles and beautiful vanities. Out back you will find a sparkling blue PebbleTec pool and low maintenance artificial turf. Call today before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Square

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k594k

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

Neighborhood: Tatum Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453087

* 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
 

$643,500$786,500$715,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,483
Property Tax -$535
Property Insurance -$77
HOA -$37
Property Management Fees -$99
CASH FLOW
-$281

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.

$715,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,483

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$19,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,927

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6003$2,9504$2,9505$3,395
$3,395
RENT COMPS ANALYSIS
  • 4901 E Kings Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.15
    •  
  • 4307 E Karen Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.08
    •  
  • 5439 E Karen Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1992
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.09
    •  
  • 5050 E Paradise Lane Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.15
    •  
  • 5201 E Helena Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,701 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,701 Sqft ∙ Built 1997
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.26
    •  
PROPERTY LISTING DETAILS
Tucker Blalock
The Brokery
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185259
Last Updated: 01/27/2021
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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