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5101 E Marino Drive Scottsdale, AZ 85254

4 Beds 2 Baths 2,411 sqft Built 1997

$819,999

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $340.11
  • 3 Days on Market
  • MLS # : 6193588
  • Updated Date : 02/13/2021 at 11:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,411 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

All the Bells & Whistles any HGTV REMODEL could offer!! Plus premium lot directly across from community park! Super private, N/S exposure, surrounded by mature landscaping offering ultimate privacy. Love to entertain, relax in your resort backyard featuring NEW Outdoor Kitchen, expanded patios, heated pool/spa and new synthetic grass. This home is Spotless & Perfect in every way! White/grey designer color trends adorn this 4-bedroom plus den, 2-bath, open concept floor plan ideal for any buyer. The kitchen boasts beautiful white shaker cabinetry, gorgeous granite/quartz countertops, massive center island, SS appliances & drop pendant lighting. The list continues with ceramic tile plank floors, custom bar w/wine refrig, custom lighting, designer paint, window blinds throughout & more!!

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
 

$737,999$901,999$819,999

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,848
Property Tax -$614
Property Insurance -$74
HOA -$22
Property Management Fees -$99
CASH FLOW
-$887

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.

$819,999

PROJECTED PRICE

$2,770

PROJECTED RENT

0.34%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$223,050

INVESTMENT

$223,050

Down Payment
$205,000
Rehab Estimate
$5,750
Closing Costs
$12,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,848

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $205,000
Loan Amount $614,999
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,207

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $3,056

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7703$2,8954$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 5101 E Marino Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.15
    •  
  • 5112 E Villa Rita Drive Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 4522 E Michigan Avenue Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.19
    •  
  • 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
    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
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.41
    •  
PROPERTY LISTING DETAILS
Ashlee Donaldson
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193588
Last Updated: 02/13/2021
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.

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