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5525 E Grandview Road Scottsdale, AZ 85254

3 Beds 2 Baths 1,813 sqft Built 1985

$649,900

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $358.47
  • 4 Days on Market
  • MLS # : 6195429
  • Updated Date : 02/28/2021 at 03:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,813 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Don't miss this incredible single level turn-key gem in the heart of 85254! Nothing has been spared including the 'resort style' paradise back yard with 13 palm trees on the property, lush landscaping, a custom lighted Pebble Tec pool with rock waterfall and above ground spa! This 3 bedroom 2 bath home features hardwood & tile flooring, granite countertops, Stainless Steel appliances, both formal dining and breakfast nook. Amazing family room with stone hearth and wood burning fireplace and custom barn doors separating the 3rd bedroom or home office area... The large master has back yard access with arcadia doors, dual vanities and a large walk in closet! The custom cabana and fully covered patio enhance the experience to embrace the gorgeous sunsets Arizona has to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Continental Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Continental Foothills

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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,257
Property Tax -$486
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$255

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.

$649,900

PROJECTED PRICE

$2,650

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,745

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
  • $2,679

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,8504$3,0005$3,400
$3,400
RENT COMPS ANALYSIS
  • 5525 E Grandview Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5255 E Marconi Avenue Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 1983
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.25
    •  
  • 5708 E Angela Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1987
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.47
    •  
  • 5725 E Monte Cristo Avenue Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.49
    •  
  • 16834 N 49th Way Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 2002
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.70
    •  
PROPERTY LISTING DETAILS
Sheila D Vaughn
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195429
Last Updated: 02/28/2021
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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