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5221 E Woodridge Drive Scottsdale, AZ 85254

4 Beds 2 Baths 2,715 sqft Built 1997

$600,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $220.99
  • 1 Days on Market
  • MLS # : 6193659
  • Updated Date : 02/14/2021 at 01:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,715 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Beautiful home ready for your family to move into. 4 spacious bedrooms, 2 baths, and 3 car garage to hold the extra's. Beautiful kitchen with granite counter tops, tile floor in all the right places with carpet in the bedrooms. Fire place in family room, formal living room and dining room or can be a large game room. This is the perfect home with lots of space for your family to call home today. Vacant on lockbox!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arabian Views

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k627k

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

Neighborhood: Arabian Views

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453312

* 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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,084
Property Tax -$466
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
$231

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.

$600,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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$30k

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$54,408

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
  • $2,973

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,7504$2,9505$3,395
$3,395
RENT COMPS ANALYSIS
  • 5221 E Woodridge Drive Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,715 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,715 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17017 N 55th Place Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,682 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,682 Sqft ∙ Built 1995
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.99
    •  
  • 15826 N 52nd Street Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1985
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.98
    •  
  • 5050 E Paradise Lane Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.15
    •  
  • 5201 E Helena Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,701 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,701 Sqft ∙ Built 1997
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.26
    •  
PROPERTY LISTING DETAILS
Jeff Hockett
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193659
Last Updated: 02/14/2021
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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