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5521 E Cholla Street Scottsdale, AZ 85254

4 Beds 3 Baths 3,324 sqft Built 1980

INVESTimate

$990,000

List Price

$3,590

$3,340 - $3,840

Rent Est.

$1,039,005  ( +4.95%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $297.83
  • 24 Days on Market
  • MLS # : 6111922
  • Updated Date : 08/20/2020 at 14:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,324 sqft
  • Baths : 3 full
Listing Agent

Arizona Real Link Priority One

Listing Agent's Description

Comfortable, spacious home sits on 3/4 acre in a sought-after location. No HOA, N/S exposure. Kitchen opens to large family room with french doors on either side of fireplace , wet bar & entertainment center. Large covered patio. tasteful landscaping, refreshing pool and charming ramada all add up to an ideal gathering place. 4th garage space is in free-standing garage and also provides abundant storage . ''Location-location-location'' is frequently mentioned as one of the most important features. Take the time to check on everything that is available nearby: restaurants, shopping, golf and easy access to other top destinations in the Valley.

SEE MORE

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
 

$891,000$1,089,000$990,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

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-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$3,653
Property Tax -$519
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
-$773

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.

$990,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.95%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$268,100

INVESTMENT

$268,100

Down Payment
$247,500
Rehab Estimate
$5,750
Closing Costs
$14,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,500
Loan Amount $742,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$12,432

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
  • $3,623

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,4754$3,4955$3,750
$3,750
RENT COMPS ANALYSIS
  • 5521 E Cholla Street Scottsdale, 1
    • 4 beds 3 baths ∙ 3,324 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,324 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10241 N 57th Street Paradise Valley, 2
    • 4 beds 3 baths ∙ 3,268 Sqft ∙ Built 1967 4 beds 3 baths ∙ 3,268 Sqft ∙ Built 1967
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.04
    •  
  • 5026 E Oakhurst Way Scottsdale, 3
    • 5 beds 3 baths ∙ 3,400 Sqft ∙ Built 1979 5 beds 3 baths ∙ 3,400 Sqft ∙ Built 1979
    LEASED 05/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $1.02
    •  
  • 5449 E Wethersfield Road Scottsdale, 4
    • 5 beds 3 baths ∙ 3,368 Sqft ∙ Built 1983 5 beds 3 baths ∙ 3,368 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.04
    •  
  • 5036 E Yucca Street Scottsdale, 5
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.26
    •  
PROPERTY LISTING DETAILS
Nick J Petra Sr.
Arizona Real Link Priority One
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6111922
Last Updated: 08/20/2020
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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