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4938 E Marino Drive Scottsdale, AZ 85254

4 Beds 2 Baths 2,426 sqft Built 1996

$647,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $266.69
  • 3 Days on Market
  • MLS # : 6159936
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,426 sqft
  • Baths : 2 full
Listing Agent

The Agency

Listing Agent's Description

Gorgeous renovated single level home in Triple Crown! Light and bright, this home is in impeccable condition and offers newer cabinetry in kitchen with extra large island and stainless steel appliances including a gas range. Featuring 4 bedrooms, 2 bathrooms, the spacious open floor plan of this home is such a delight with custom shutters throughout all windows and newer hardwood in 3 bedrooms. Generous master bedroom and renovated master bath, with double sink vanity, separate tub and shower. Spacious 3-car garage features built-in storage and epoxy floors. Relax in the pristine backyard with turf and a built-in BBQ. The roof was replaced in November 2018 and has a transferable warranty. Desirably located in Triple Crown near the 101 and the 51 freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Triple Crown

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k590k

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

Neighborhood: 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
Copper Canyon Elementary School Primary Regular 718 36 9
Copper Canyon Elementary School Middle Regular 718 36 9
Horizon High School High Regular 2,262 86 8

Copper Canyon Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 36
9
GreatSchools Rating

Copper Canyon Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 36
9
GreatSchools Rating

Horizon High School

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

$582,300$711,700$647,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,387
Property Tax -$484
Property Insurance -$74
HOA -$18
Property Management Fees -$99
CASH FLOW
-$253

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.

$647,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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-$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$177,205

INVESTMENT

$177,205

Down Payment
$161,750
Rehab Estimate
$5,750
Closing Costs
$9,705

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,387

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $161,750
Loan Amount $485,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$22,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,972

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8103$2,8504$2,8955$3,400
$3,400
RENT COMPS ANALYSIS
  • 4938 E Marino Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $1.16
    •  
  • 5112 E Villa Rita Drive Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 16816 N 51st Street Scottsdale, AZ 3
    • 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
    •  
  • 4522 E Michigan Avenue Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.19
    •  
  • 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
James Cavanaugh
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159936
Last Updated: 11/13/2020
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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