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5513 N 77th Place Scottsdale, AZ 85250

3 Beds 2 Baths 1,858 sqft Built 1978

$629,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $338.54
  • 5 Days on Market
  • MLS # : 6192140
  • Updated Date : 02/10/2021 at 23:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautifully maintained/remodeled home in the heart of Scottsdale with no HOA! Located in a quiet cul-de-sac, this home features many upgrades (see document section for full list) including new exterior smooth stucco paint finish, raised kitchen ceiling, high efficiency windows and recessed lighting just to name a few. Low maintenance yard features several mature high yielding citrus trees. Automatic metal rolling shades on doors/windows for added security and more efficient cooling in the Summer months. Lighted storage shed with power on side of home. Garage equipped with cooling/heating for conversion to bonus room with extra storage. Walk to Chaparral Park or bike to the canal for miles of exercise and fun! Great opportunity to own in this wonderful area of Scottsdale!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Lane

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Park Lane

NeighborhoodNIR 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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$566,100$691,900$629,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,185
Property Tax -$294
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$191

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.

$629,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,185

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$22,612

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
  • $2,443

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3004$2,3005$2,750
$2,750
RENT COMPS ANALYSIS
  • 5513 N 77th Place Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7943 E Montebello Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1980
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.29
    •  
  • 7845 E Crestwood Way Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 1973
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.25
    •  
  • 8113 E Arlington Road E Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1970
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
  • 5526 N 79 Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1978
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.48
    •  
PROPERTY LISTING DETAILS
Noel Conrad
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192140
Last Updated: 02/10/2021
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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