Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5231 E Shangri La Road Scottsdale, AZ 85254

4 Beds 3 Baths 3,271 sqft Built 1980

$1,185,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $362.27
  • 5 Days on Market
  • MLS # : 6160990
  • Updated Date : 11/20/2020 at 17:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,271 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Fabulous opportunity to own this home on a very private 38,896 sq ft lot in the ''heart'' of the Valley. Pool, Spa, Tennis court or convert it to 2 pickle ball courts! North/South exposure,3 car garage with room for more!Located and tucked away in a PRIME location. Near Orangetree golf course and Stone Creek Golf Course, Great shopping, dining near by. Also superb, mountain biking, walking and hiking trails nearby. Easy access to Interstate AZ 51 and AZ 101. Minutes from Sky harbor airport.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Homes

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k955k

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

Neighborhood: Desert Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453949

* 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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,066,500$1,303,500$1,185,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$4,372
Property Tax -$607
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
-$1,639

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,185,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$319,775

INVESTMENT

$319,775

Down Payment
$296,250
Rehab Estimate
$5,750
Closing Costs
$17,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,372

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $296,250
Loan Amount $888,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$357

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
  • $3,565

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,4754$3,4955$3,750
$3,750
RENT COMPS ANALYSIS
  • 5231 E Shangri La Road Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,271 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,271 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10241 N 57th Street Paradise Valley, AZ 2
    • 4 beds 3 baths ∙ 3,268 Sqft ∙ Built 1967 4 beds 3 baths ∙ 3,268 Sqft ∙ Built 1967
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.04
    •  
  • 5026 E Oakhurst Way Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,400 Sqft ∙ Built 1979 5 beds 3 baths ∙ 3,400 Sqft ∙ Built 1979
    LEASED 05/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $1.02
    •  
  • 5449 E Wethersfield Road Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 3,368 Sqft ∙ Built 1983 5 beds 3 baths ∙ 3,368 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.04
    •  
  • 5036 E Yucca Street Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.26
    •  
PROPERTY LISTING DETAILS
Rebecca D Ponte
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160990
Last Updated: 11/20/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy