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5031 E Redfield Road Scottsdale, AZ 85254

4 Beds 3 Baths 2,446 sqft Built 1981

INVESTimate

$675,000

List Price

$2,740

$2,490 - $2,990

Rent Est.

$724,140  ( +7.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $275.96
  • 3 Days on Market
  • MLS # : 6116205
  • Updated Date : 08/23/2020 at 22:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,446 sqft
  • Baths : 2 full , 1 half
Listing Agent

Launch Real Estate

Listing Agent's Description

Beautifully remodeled in 2018, this 4bed/2bath home sits on over a quarter of an acre with a two car garage. The updated exterior elevation welcomes guests with a stamped concrete and stone entry complete with custom planters. Upon entering, one is met with dramatic high-end finishes. Soft close custom cabinetry is featured throughout the kitchen, bar and locker drop zone. Kitchen features include, a 12 foot waterfall quartz island and top-tier appliance package with an under-counter drawer microwave and Wolf induction range. The walk-though bar is ideal for entertaining. A double door entry leads into the spacious owners retreat. Other updated features include custom wall paper, chic lighting, Nest thermostat, Arlo home security system, new HVAC, hot water heater, water softener and wood

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Village North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k553k

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

Neighborhood: Paradise Village North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453013

* 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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,490
Property Tax -$505
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$429

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.

$675,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.28%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$13,077

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
  • $2,905

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,7754$2,8455$2,900
$2,900
RENT COMPS ANALYSIS
  • 5031 E Redfield Road Scottsdale, 1
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5439 E Karen Drive Scottsdale, 2
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1992
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.09
    •  
  • 4818 E Hillery Drive Scottsdale, 3
    • 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.20
    •  
  • 5709 E Gelding Drive Scottsdale, 4
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1989
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,845
    • $1.22
    •  
  • 5329 E Marilyn Road Scottsdale, 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.24
    •  
PROPERTY LISTING DETAILS
Farrah Dee Greeson
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116205
Last Updated: 08/23/2020
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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