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5602 E Emile Zola Avenue Scottsdale, AZ 85254

3 Beds 2 Baths 1,997 sqft Built 1978

$649,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $325.44
  • 9 Days on Market
  • MLS # : 6161766
  • Updated Date : 11/27/2020 at 12:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,997 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

WOW!! From the location, to the curb appeal, to the updates, to the backyard this one has it ALL! Pavered, manicured grass front & backyard, with recently redone pebbletec pool. This beautiful Scottsdale home features a tastefully remodeled kitchen & master bathroom with matching granite. New roof & A/C 2019, custom stone fireplace, & a well-crafted split floorplan. With a 3 car garage, RV parking & NO HOA - what more can you ask for?! Schedule your showing today! This one you do NOT want to miss!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heatherwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k472k

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

Neighborhood: Heatherwood

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 Elementary School Primary Regular 501 33 8
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Desert Shadows Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 33
8
GreatSchools Rating

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
 

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

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,398
Property Tax -$486
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$739

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

$2,310

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,576

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,310
1$2,3102$2,4003$2,4504$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 5602 E Emile Zola Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.16
    •  
  • 5107 E Corrine Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1977
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.28
    •  
  • 5334 E Friess Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1976
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.35
    •  
  • 5245 E Crocus Drive S Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1977
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 14034 N 60th Street Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.28
    •  
PROPERTY LISTING DETAILS
Alexis Sprofera
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161766
Last Updated: 11/27/2020
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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