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5215 E Beck Lane Scottsdale, AZ 85254

3 Beds 2 Baths 1,540 sqft Built 1979

$514,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $334.35
  • 2 Days on Market
  • MLS # : 6200027
  • Updated Date : 02/27/2021 at 00:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Resort style backyard perfect for summer! This gem is move in ready featuring all the right updates! NEW AC in 2021, NEW dual pane windows throughout, updated bathrooms, tile flooring throughout, wood fireplace, open kitchen and much more! Perfectly situated in an expansive lot boasting over 10,000 sqft in a cul-de-sac minutes away from PV Mall, 101 hwy, Kierland, Desert Ridge, 51 hwy, shopping, dinning and much more! Pay Phoenix taxes with a Scottsdale zip!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Covey

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Covey

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
 

$463,410$566,390$514,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,788
Property Tax -$385
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$270

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.

$514,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,199

INVESTMENT

$142,199

Down Payment
$128,725
Rehab Estimate
$5,750
Closing Costs
$7,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,788

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,725
Loan Amount $386,175
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $2,064

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$1,955
1$1,9552$1,9753$2,0604$2,1755$2,300
$2,300
RENT COMPS ANALYSIS
  • 5215 E Beck Lane Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.34
    •  
  • 15426 N 50th Place Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1991
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,955
    • $1.31
    •  
  • 5221 E Tierra Buena Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1979
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.30
    •  
  • 15445 N 51st Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1987
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.32
    •  
  • 5234 E Blanche Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.43
    •  
PROPERTY LISTING DETAILS
Lizbeth Vazquez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200027
Last Updated: 02/27/2021
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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