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5501 E Cholla Street Scottsdale, AZ 85254

5 Beds 4 Baths 4,192 sqft Built 1980

$1,599,000

List Price

$4,410

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $381.44
  • 3 Days on Market
  • MLS # : 6206426
  • Updated Date : 03/12/2021 at 21:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,192 sqft
  • Baths : 3 full , 1 half
Listing Agent

Az Flat Fee

Listing Agent's Description

Located in a sought-after Scottsdale neighborhood & school district, this home offers finishes & resort quality amenities that gleam w/ attention to detail. Entertaining is a breeze w/ ample parking & excellent flow from the gated, firelit, courtyard through the great & formal rooms to the backyard w/ huge diving pool, slide, spa, lawns, gated garden & ramada w/ stone encased BBQ & fireplace. The split floorplan luxuriously accommodates working from home, extended/large families &/or guests while the well laid-out kitchen is a chef's delight w/ its ample counter/cabinet space, double ovens, wine fridge & cabinet-front fridge/freezer. Storage is abundantly provided for in the kitchen-adjacent full size laundry, storage room & walk-in pantry (w/adnl fridge & freezer cabinet) while two

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PRICE & RENT TRENDS

Neighborhood: Los Castillos

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k981k

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

Neighborhood: Los Castillos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453936

* 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
 

$1,439,100$1,758,900$1,599,000

PURCHASE PRICE

$3,969$4,851$4,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,410
EXPENSES Loan Payment -$5,554
Property Tax -$819
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
-$2,171

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.

$1,599,000

PROJECTED PRICE

$4,410

PROJECTED RENT

0.28%

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$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$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$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$429,485

INVESTMENT

$429,485

Down Payment
$399,750
Rehab Estimate
$5,750
Closing Costs
$23,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,554

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $399,750
Loan Amount $1,199,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,410

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $4,318

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$4,4103$5,300
$5,300
RENT COMPS ANALYSIS
  • 5501 E Cholla Street Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,192 Sqft ∙ Built 1980 5 beds 4 baths ∙ 4,192 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $4,410
    • $1.05
    •  
  • 5746 E Gelding Drive Scottsdale, AZ 1
    • 6 beds 4 baths ∙ 4,130 Sqft ∙ Built 1990 6 beds 4 baths ∙ 4,130 Sqft ∙ Built 1990
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.88
    •  
  • 6259 E Mountain View Road Paradise Valley, AZ 3
    • 4 beds 4 baths ∙ 4,503 Sqft ∙ Built 1986 4 beds 4 baths ∙ 4,503 Sqft ∙ Built 1986
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $1.18
    •  
PROPERTY LISTING DETAILS
Richard Harless
Az Flat Fee
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206426
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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