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4954 E Evans Drive Scottsdale, AZ 85254

3 Beds 2 Baths 2,074 sqft Built 1978

$685,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $330.28
  • 4 Days on Market
  • MLS # : 6189644
  • Updated Date : 02/06/2021 at 23:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,074 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Absolutely stunning home! Beautifully updated! Nearly every surface has been updated in today's stylish look. Enter through a charming front courtyard. Designer iron front door is just the beginning. Generous center island kitchen with white cabinetry and gorgeous granite slab countertops. Kitchen opens to the family room and both have a view overlooking the pool and patio. Both baths have been updated. Formal living and dining rooms open to each other making a great entertaining floorplan. Stainless appliances. Outdoor entertaining kitchen with built in grill and surface burner. Master bedroom features a fireplace and seating area. Barn door to dressing area. Move right in without touching a thing. Did we mention walking distance to Liberty and Sunrise Schools

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Valley Village

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
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,379
Property Tax -$513
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$328

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.

$685,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

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$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$15,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,847

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,7004$2,7305$3,100
$3,100
RENT COMPS ANALYSIS
  • 4954 E Evans Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $1.32
    •  
  • 5245 E Crocus Drive S Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1977
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 4922 E Winchcomb Drive Scottsdale, AZ 2
    • 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 3
    • 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
    •  
  • 4915 E Everett Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1979
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.54
    •  
PROPERTY LISTING DETAILS
Donna Cilley
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189644
Last Updated: 02/06/2021
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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