Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5024 E Marino Drive Scottsdale, AZ 85254

3 Beds 2 Baths 2,426 sqft Built 1996

$670,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $276.17
  • 2 Days on Market
  • MLS # : 6188859
  • Updated Date : 02/06/2021 at 14:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,426 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Wonderful Triple Crown Neighborhood. A lovely Centex home on a fabulous N/S lot backing to the common Area. 4 bedrooms with private master suite on opposite side of home. The 4th guest bedroom had the closet removed as it was used as a ''game room'' with pool table. It has its own sliding door to patio. Neutral decor with dual pane windows.Lovely back yard with water feature and firepits. The 3 car garage has built in cabinets. Utilities include Southwest Gas to Range, HVACS, water Heater, Fireplace, Fire Pits and BarB Q grill area. Other utilities are Phoenix Water, APS Electric, Phoenix Taxes,Scottsdale Mailing. Best of Everything! Masks and gloves will be provided.

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
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
 

$603,000$737,000$670,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,327
Property Tax -$501
Property Insurance -$74
HOA -$22
Property Management Fees -$99
CASH FLOW
-$174

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.

$670,000

PROJECTED PRICE

$2,850

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$25k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,300

INVESTMENT

$183,300

Down Payment
$167,500
Rehab Estimate
$5,750
Closing Costs
$10,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,327

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,500
Loan Amount $502,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$23,670

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
  • $3,105

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,8504$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 5024 E Marino Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,426 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,426 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5112 E Villa Rita Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998
    property image
    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
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.24
    •  
  • 4848 E Charleston Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 1997
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.40
    •  
  • 17601 N 56th Place Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 1989
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.41
    •  
PROPERTY LISTING DETAILS
Rebecca D Ponte
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188859
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.

BESbswy