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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
$184,625
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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: Paradise Village North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Village North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$184,625
LOAN DETAILS
$2,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
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
-
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
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6116205
Last Updated: 08/23/2020
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.
