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5021 E Voltaire Avenue Scottsdale, AZ 85254

4 Beds 2 Baths 1,992 sqft Built 1973

$569,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $285.64
  • 7 Days on Market
  • MLS # : 6165910
  • Updated Date : 12/04/2020 at 14:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,992 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

This 4 bedroom 2 bath home , on a huge lot, with a large diving pool and NO HOA, in this Scottsdale Neighborhood wont last long . 85254 is known as the MAGIC ZIP CODE due to having Scottsdale address but Phoenix Taxes and utilities, among other reasons. Just google it. The home has been nicely upgraded and the Right side RV GATE is being replaced on December 7th. The left side has a NEW gate. Come see for yourself , you wont be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunburst Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Sunburst Estates

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
Desert Shadows Elementary School Primary Regular 501 33 8
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Desert Shadows Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 33
8
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

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

$512,100$625,900$569,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,099
Property Tax -$426
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$270

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.

$569,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$17,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,560

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,4504$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 5021 E Voltaire Avenue Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4836 E Emile Zola Avenue Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1979
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.14
    •  
  • 5334 E Friess Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1976
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.35
    •  
  • 5245 E Crocus Drive S Scottsdale, AZ 4
    • 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
    •  
  • 4840 E Hearn Road Scottsdale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
James J Balko
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165910
Last Updated: 12/04/2020
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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