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5513 E Shea Boulevard Scottsdale, AZ 85254

4 Beds 3 Baths 2,824 sqft Built 1992

$825,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $292.14
  • 5 Days on Market
  • MLS # : 6208314
  • Updated Date : 03/21/2021 at 03:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,824 sqft
  • Baths : 2 full , 1 half
Listing Agent

Noma Group Inc.

Listing Agent's Description

Beautiful Watt Hancock Semi-Custom home in exclusive area. Bright & Open, Vaulted Ceilings, Huge Separate Living & Family Room. Wide Open Eat-in Kitchen Has Tons of Cabinets & Counter Space, Breakfast Bar, Corian Counters, Flat Cooktop & Double Ovens and Opens into Family Room with Fireplace. Plantation Shutters, Tile Through Kitchen, Baths & Hallways. Master Has Huge Walk-in Closet, Spacious Bath & Separate Exit to Large Covered Patio and Pool Area. Desert Landscape Back Yard for Low Maintenance. Watering Systems in Front & Back, 3 Car Garage with Sink & Lots of Storage, Multi Zone AC, Security System, with a Large Yard. Home is Immaculately Maintained! Multi-Pane Windows, and Buffer Wall Eliminate Noise. Next to Paradise Valley, close to Phoenix, Airport and lots more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Promontory

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k810k

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

Neighborhood: Promontory

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454085

* 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
 

$742,500$907,500$825,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$2,866
Property Tax -$422
Property Insurance -$82
HOA -$2
Property Management Fees -$99
CASH FLOW
-$121

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.

$825,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$38,621

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
  • $3,459

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$3,1954$3,7005$4,200
$4,200
RENT COMPS ANALYSIS
  • 5513 E Shea Boulevard Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10228 N 57th Street Paradise Valley, AZ 2
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 1977
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
  • 5112 E Charter Oak Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.20
    •  
  • 4840 E Fanfol Drive Paradise Valley, AZ 4
    • 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 1974
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.35
    •  
  • 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 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.41
    •  
PROPERTY LISTING DETAILS
Naser Ahmad
Noma Group Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208314
Last Updated: 03/21/2021
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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