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5116 E Wethersfield Road Scottsdale, AZ 85254

4 Beds 2 Baths 2,473 sqft Built 1989

$629,900

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $254.71
  • 2 Days on Market
  • MLS # : 6187783
  • Updated Date : 01/30/2021 at 18:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,473 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Designers Dream, so much potential on this Gorgeous Scottsdale home available in an amazing location, oversized lot with with no HOA. Minutes from Paradise Valley Mall, golf, freeways and so much more! This gem features great curb appeal leading into the light and bright interior with soaring vaulted ceilings, stone fireplace, beautiful wood flooring and tile in all the right places. Stylish kitchen boasts stainless steel appliances, granite counter tops and a plethora of white cabinetry. Spacious master includes en suite with dual sinks, soaking tub and tiled glass framed shower. Amazing outdoor entertaining space is complete with covered patio, firepit and sparkling pool. It's the perfect spot to enjoy Arizona outdoors. Do no not miss out. Schedule your private showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Glen South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k491k

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

Neighborhood: Cactus Glen South

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 Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,188
Property Tax -$499
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
$48

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.

$629,900

PROJECTED PRICE

$2,910

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$500k$1.0M$1.5M$2.0M

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$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$38,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,924

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7953$2,9004$2,9105$3,195
$3,195
RENT COMPS ANALYSIS
  • 5116 E Wethersfield Road Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,473 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,473 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.18
    •  
  • 5107 E Wethersfield Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1979
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.02
    •  
  • 5121 E Larkspur Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,223 Sqft ∙ Built 1977
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.26
    •  
  • 5002 E Wethersfield Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.25
    •  
  • 5112 E Charter Oak Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.20
    •  
PROPERTY LISTING DETAILS
Aaron Remer
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187783
Last Updated: 01/30/2021
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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