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5534 E Hillery Drive Scottsdale, AZ 85254

4 Beds 3 Baths 2,499 sqft Built 1988

INVESTimate

$532,000

List Price

$2,830

$2,580 - $3,080

Rent Est.

$551,737  ( +3.71%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $212.89
  • 26 Days on Market
  • MLS # : 6111219
  • Updated Date : 08/21/2020 at 10:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,499 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rattler Realty, Llc

Listing Agent's Description

Beautiful Scottsdale home in the ''Magic'' 85254 zip code! This open floor plan is a single story, 4 bed, 2.5 bath, 3 car garage, AZ room, a private RV parking area, & No HOA. The front features an inviting courtyard, & a beautiful double door entry space. Spacious vaulted ceilings with bright natural lighting leading to the living &dining area. Family rm is open & highlights a cozy brick fireplace. Kitchen features a granite island with an eat-in-bar, stainless-steel appliances, solid oak cabinets . Large Master Suite has a fireplace, sitting area, 2 walk-in closets, double sinks, soak tub, & a separate exit to backyard . Walk-in laundry rm with cabinets & sink. Plentiful storage throughout home. Minutes from Kierland/Scottsdale Quarter. Paradise Valley schools. Welcome home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Glen

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k502k

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

Neighborhood: Cactus Glen

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
Liberty Elementary School Primary Regular 572 30 8
Liberty Elementary School Middle Regular 572 30 8
Horizon High School High Regular 2,262 86 8

Liberty Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 572
  • # of teachers: 30
8
GreatSchools Rating

Horizon High School

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

$478,800$585,200$532,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$1,963
Property Tax -$398
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
$294

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.

$532,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.71%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,730

INVESTMENT

$146,730

Down Payment
$133,000
Rehab Estimate
$5,750
Closing Costs
$7,980

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,963

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,000
Loan Amount $399,000
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$68,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,111

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8303$2,9504$3,1005$3,100
$3,100
RENT COMPS ANALYSIS
  • 5534 E Hillery Drive Scottsdale, 2
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.13
    •  
  • 5439 E Karen Drive Scottsdale, 1
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1992
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.09
    •  
  • 5448 E Beck Lane Scottsdale, 3
    • 4 beds 2 baths ∙ 2,316 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,316 Sqft ∙ Built 1984
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.27
    •  
  • 5734 E Betty Elyse Lane Scottsdale, 4
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1979
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.31
    •  
  • 5720 E Marilyn Road Scottsdale, 5
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1990
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.31
    •  
PROPERTY LISTING DETAILS
Ramzy Khoury
Rattler Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6111219
Last Updated: 08/21/2020
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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