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5613 N 76th Place Scottsdale, AZ 85250

2 Beds 2 Baths 1,607 sqft Built 1979

$484,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $301.74
  • 3 Days on Market
  • MLS # : 6176254
  • Updated Date : 01/02/2021 at 17:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,607 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Great Location in the Heart of Scottsdale, just minutes away for the best shopping, dining, greenbelts, parks, golf, 101 and the trolley. Great established neighborhood with views of camelback mountain. Relax in your own backyard oasis with sparkling pool. This home features 2 spacious bedrooms / 2 baths. Spacious living room and kitchen.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Lane

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Park Lane

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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$436,410$533,390$484,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,789
Property Tax -$227
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$117

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.

$484,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$47,652

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
  • $2,298

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,1004$2,1005$2,295
$2,295
RENT COMPS ANALYSIS
  • 5613 N 76th Place Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5630 N 78th Place Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 1,485 Sqft ∙ Built 1979 2 beds 3 baths ∙ 1,485 Sqft ∙ Built 1979
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.35
    •  
  • 5626 N 78th Place Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 1,485 Sqft ∙ Built 1979 2 beds 3 baths ∙ 1,485 Sqft ∙ Built 1979
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.41
    •  
  • 7825 E Buena Terra Way Scottsdale, AZ 4
    • 2 beds 3 baths ∙ 1,485 Sqft ∙ Built 1979 2 beds 3 baths ∙ 1,485 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.41
    •  
  • 5649 N 78th Way Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,485 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,485 Sqft ∙ Built 1979
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.55
    •  
PROPERTY LISTING DETAILS
Steven D Yost
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176254
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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