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5249 E Shea Boulevard #115 Scottsdale, AZ 85254

2 Beds 2 Baths 1,147 sqft Built 1997

$294,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $257.11
  • 4 Days on Market
  • MLS # : 6167110
  • Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,147 sqft
  • Baths : 2 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Beautifully remodeled first floor condo with new tile flooring & fresh paint throughout. The kitchen boasts new stainless steel appliances and gorgeous quartz countertops. The bathrooms also feature new quartz countertops, new plumbing fixtures, & a beautiful walk-in master shower, as well as a large master tub. The HOA is currently in the process of re-painting the exterior, so this condo is like brand new! Come take a look before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Camarilla Villas Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $99k465k

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

Neighborhood: La Camarilla Villas Condominiums

ZipNIR 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
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
 

$265,410$324,390$294,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,088
Property Tax -$151
Property Insurance -$50
HOA -$249
Property Management Fees -$99
CASH FLOW
-$177

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.

$294,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.50%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $1,451

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3003$1,4004$1,4005$1,460
$1,460
RENT COMPS ANALYSIS
  • 5249 E Shea Boulevard #115 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,147 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,147 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.27
    •  
  • 5335 E Shea Boulevard #2103 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1993
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.23
    •  
  • 10401 N 52nd Street #114 Paradise Valley, AZ 2
    • 2 beds 2 baths ∙ 1,054 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,054 Sqft ∙ Built 1995
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.23
    •  
  • 5335 E Shea Boulevard #1095 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,076 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,076 Sqft ∙ Built 1993
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.30
    •  
  • 5335 E Shea Boulevard #2009 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,076 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,076 Sqft ∙ Built 1993
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.30
    •  
PROPERTY LISTING DETAILS
Amber Dawn Brown
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167110
Last Updated: 12/04/2020
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.

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