Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5601 E Paradise Lane Scottsdale, AZ 85254

4 Beds 3 Baths 2,110 sqft Built 1985

$525,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $248.82
  • 6 Days on Market
  • MLS # : 6208012
  • Updated Date : 03/20/2021 at 22:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

New pictures to come by end of this week. Single level 4 bedroom home with Tile Roof and two car garage. Vaulted ceilings. Three fireplaces (Living room, family room and master)! 2 1/2 baths. Courtyard entry. Inside laundry room.. Easy care desert landscape. Walk across the street to Desert Horizon Park! Near Kierland and Scottsdale Quarter. Easy 101 and 51 access. Most of the updating was done in 2017. Master bath has all new surfaces.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Spanish Wells

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k489k

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

Neighborhood: Spanish Wells

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$1,824
Property Tax -$393
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$496

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.

$525,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$80,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $3,054

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,880
1$2,8802$2,9953$3,0004$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 5601 E Paradise Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.36
    •  
  • 5801 E Marconi Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1985
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.41
    •  
  • 5725 E Monte Cristo Avenue Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.49
    •  
  • 5413 E Kings Avenue Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1985
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.39
    •  
  • 5432 E Grandview Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.50
    •  
PROPERTY LISTING DETAILS
Donna Cilley
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208012
Last Updated: 03/20/2021
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.

BESbswy