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5216 E Nisbet Road Scottsdale, AZ 85254

3 Beds 2 Baths 1,823 sqft Built 1980

$579,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $317.61
  • 3 Days on Market
  • MLS # : 6204501
  • Updated Date : 03/12/2021 at 15:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,823 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

STOP THE CAR, A MUST SEE!!! This 3BD/2B home is a great find in a tremendous 85254 neighborhood. Walk to Liberty Elementary, Sunrise Middle School and Horizon High School. Granite counters & stainless steel appliances. Carpet in the sunken family room and bedrooms. Neutral tile throughout the rest of the home. Tile shower enclosure in master and guest bathroom with sliding glass doors. Dual pane windows throughout home. Large master bedroom with walk-in closet. Desert Landscape in front yard. Beautifully renovated resort-style backyard in 2018 with new pony wall, pool deck, synthetic grass, pool plaster and tile. Pool equipment completely replaced with a VSP system 2019. Block wall fencing, covered patio and home painted December 2020. Some furniture available with separate bill of sale

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
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,011
Property Tax -$433
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$84

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.

$579,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$39,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,675

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6904$2,7005$2,850
$2,850
RENT COMPS ANALYSIS
  • 5216 E Nisbet Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.48
    •  
  • 5120 E Janice Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.39
    •  
  • 15219 N 51 Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1983
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.46
    •  
  • 5217 E Blanche Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
  • 5210 E Janice Way Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1979
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.53
    •  
PROPERTY LISTING DETAILS
Kirk Schultze
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204501
Last Updated: 03/12/2021
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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