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

5612 E Everett Drive Scottsdale, AZ 85254

5 Beds 3 Baths 3,323 sqft Built 1990

$620,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $186.58
  • 2 Days on Market
  • MLS # : 6179200
  • Updated Date : 01/30/2021 at 00:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,323 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Are You Looking For A Large Family Home In The Magic 85254 Zip Code? This Original Owner Home Features 5 Bedrooms And 3 Full Baths With The Master Bedroom , Master Bath And A Guest Bedroom And Guest Bath Downstairs. 3 Spacious Bedrooms And A Full Bath Upstairs. Living Room, Formal Dining Room. Large Eat In Kitchen With An Island Opens To The Huge Family Room. Seller States This Is The Only Home In The Community Featuring A Gas Stove, Gas Fireplace In The Family Room, Gas Pool And Spa Heater, Gas BBQ. New Water Heater. Spacious Family Room With A Fireplace. Newer Laminate Flooring In The Downstairs Living Areas. Large Cul De Sac Lot Featuring A Private Diving Pool And Spa. Multiple Fruit Trees.. RV Gate And No HOA, So Bring Your Toys. More Info And Photos To Follow Shortly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stratford

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k618k

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

Neighborhood: Stratford

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453338

* 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
 

$558,000$682,000$620,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$2,153
Property Tax -$479
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
$817

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.

$620,000

PROJECTED PRICE

$3,640

PROJECTED RENT

0.59%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

12

YEARS SAVED

$117,133

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
  • $3,871

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,6004$3,9005$4,960
$4,960
RENT COMPS ANALYSIS
  • 5612 E Everett Drive Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,323 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,323 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6213 E Helm Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
  • 6415 E Winchcomb Drive Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.06
    •  
  • 6233 E Marilyn Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.15
    •  
  • 5714 E Paradise Lane Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,500 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,500 Sqft ∙ Built 1993
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,960
    • $1.42
    •  
PROPERTY LISTING DETAILS
Hector Olivera
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179200
Last Updated: 01/30/2021
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