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5326 E Hartford Avenue Scottsdale, AZ 85254

5 Beds 4 Baths 3,038 sqft Built 1997

$769,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $253.13
  • 4 Days on Market
  • MLS # : 6167187
  • Updated Date : 12/03/2020 at 15:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,038 sqft
  • Baths : 3 full , 1 half
Listing Agent

Attorneys Realty

Listing Agent's Description

Remodeled from top to bottom by a professional decorator, this home is move-in ready. Newer paver lined courtyard with gate, updated landscaping, & custom screen door from Elite Iron Co. Beautifully redesigned staircase, curved walls and built-in lighted niches create an impressive entryway. Real wood flooring on lower level, stairs & upstairs landing. New carpet in casita, freshly painted interior & exterior, new baseboards, & new lighting. Gourmet eat-in kitchen with custom cabinetry, quartz counters, & pretty backsplash. Shutters in formal living room.& casita/home office. Cozy fireplace in family room and lots of windows make it light and bright. Romantic master suite with private balcony and beautiful master bath with awesome soaking tub & shower. New custom screens on all 28

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
Copper Canyon Elementary School Primary Regular 718 36 9
Copper Canyon Elementary School Middle Regular 718 36 9
Horizon High School High Regular 2,262 86 8

Copper Canyon Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 36
9
GreatSchools Rating

Copper Canyon Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 36
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,837
Property Tax -$575
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
-$378

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.

$769,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$21,852

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $3,342

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,2203$3,5004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 5326 E Hartford Avenue Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 3,038 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,038 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.06
    •  
  • 4954 E Aire Libre Avenue Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1990
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 5623 E Grandview Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.17
    •  
  • 5247 E Anderson Drive Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 1998
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.14
    •  
  • 5927 E Woodridge Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1998
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Sandra Lunsford
Attorneys Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167187
Last Updated: 12/03/2020
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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