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5002 E Blanche Drive Scottsdale, AZ 85254

3 Beds 2 Baths 1,682 sqft Built 1983

INVESTimate

$465,000

List Price

$2,310

$2,079 - $2,541

Rent Est.

$488,018  ( +4.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $276.46
  • 3 Days on Market
  • MLS # : 6121836
  • Updated Date : 08/25/2020 at 13:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,682 sqft
  • Baths : 2 full
Listing Agent

Prime House Llc

Listing Agent's Description

Best value in all of Scottsdale and no HOA! Soaring vaulted ceilings and open floorplan give it the feel of a much larger house. In the kitchen, you'll find stainless appliances, granite countertops, a huge kitchen island/bar with seating for 5, gorgeous cabinetry, and new, captivating light fixtures. The master bath features double sinks and an elegant tile and glass shower enclosure. Other features include indoor shutters and wood blinds and Anderson double doors looking out to a large grassy backyard, RV gate, new carpet in the master, laminate in the secondary bedrooms, and large tile flooring throughout the rest of the home. The solar panels make for very low utility bills.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Liberty Square

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Liberty Square

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
Liberty Elementary School Primary Regular 572 30 8
Liberty Elementary School Middle Regular 572 30 8
Horizon High School High Regular 2,262 86 8

Liberty Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Horizon High School

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

$418,500$511,500$465,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,716
Property Tax -$348
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$87

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.

$465,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.95%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$40,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,3003$2,3104$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5002 E Blanche Drive Scottsdale, 3
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.37
    •  
  • 15445 N 51st Street Scottsdale, 1
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1987
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.32
    •  
  • 5234 E Blanche Drive Scottsdale, 2
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.43
    •  
  • 15207 N 51st Way Scottsdale, 4
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1984
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.35
    •  
  • 5120 E Janice Way Scottsdale, 5
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.39
    •  
PROPERTY LISTING DETAILS
Haines Meyer
Prime House Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121836
Last Updated: 08/25/2020
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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