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4905 E Villa Theresa Drive Scottsdale, AZ 85254

3 Beds 2 Baths 1,952 sqft Built 1997

$564,900

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $289.40
  • 4 Days on Market
  • MLS # : 6208869
  • Updated Date : 03/21/2021 at 03:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,952 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Extremely popular and seldom available 2BR + den / 2 BA gem in gated Belmont section of desirable Triple Crown master planned community; the gold standard for many years. The N/S exposure private premiere lot boasts no neighbors behind or to the west; only open community space with walking path. The expansive inviting kitchen is highlighted by a large island, extended granite counters, lots of cabinets with pull-outs, newer black s/s frig and stove, pendant lighting and breakfast niche. The gigantic master with sitting area is impressive with a completely remodeled bathroom featuring a granite walk-in shower with bench, new raised cabinets with granite tops, new sinks, raised toilet and brushed nickel faucets. The secondary bathroom remodel mimics the master. See MORE......

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Belmont at Triple Crown

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Belmont at Triple Crown

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
 

$508,410$621,390$564,900

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,962
Property Tax -$423
Property Insurance -$65
HOA -$46
Property Management Fees -$99
CASH FLOW
-$155

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.

$564,900

PROJECTED PRICE

$2,440

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,449

INVESTMENT

$155,449

Down Payment
$141,225
Rehab Estimate
$5,750
Closing Costs
$8,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,225
Loan Amount $423,675
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$19,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,523

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1953$2,2004$2,4005$2,440
$2,440
RENT COMPS ANALYSIS
  • 4905 E Villa Theresa Drive Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,952 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,952 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.25
    •  
  • 21320 N 56th Street #2167 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,697 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,697 Sqft ∙ Built 2008
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.21
    •  
  • 4824 E Villa Theresa Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,659 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,659 Sqft ∙ Built 1999
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.32
    •  
  • 21320 N 56th Street N #2190 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,819 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,819 Sqft ∙ Built 2008
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.21
    •  
  • 18424 N 48th Place Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,675 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,675 Sqft ∙ Built 1999
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.43
    •  
PROPERTY LISTING DETAILS
Jeff J Dougherty
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208869
Last Updated: 03/21/2021
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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