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5614 E Le Marche Avenue Scottsdale, AZ 85254

3 Beds 2 Baths 1,669 sqft Built 1985

$579,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $346.91
  • 3 Days on Market
  • MLS # : 6199446
  • Updated Date : 02/26/2021 at 17:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

DON'T MISS this incredible opportunity to own a home in the 85254 zip code! This lovely 3 bed, 2 bath Scottsdale home has great indoor and outdoor entertaining space, a large pool and turf area, an RV gate for side yard storage, and no HOA! Repainted inside and out, roof replaced in 2018, water heater replaced in 2019, and HVAC replaced in 2020. Located near the Kierland Commons/Scottsdale Quarter and Desert Ridge, this wonderful home is ready for you to make it your own. Come see it before it is gone!

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
 

$521,100$636,900$579,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$2,011
Property Tax -$433
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$463

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.

$579,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,551

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9753$1,9954$2,1405$2,195
$2,195
RENT COMPS ANALYSIS
  • 5614 E Le Marche Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.28
    •  
  • 5946 E Aire Libre Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1991
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.17
    •  
  • 5221 E Tierra Buena Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1979
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.30
    •  
  • 5941 E Kelton Lane Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1991
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.20
    •  
  • 5637 E Paradise Lane Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1985
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.45
    •  
PROPERTY LISTING DETAILS
Benjamin Reichenberger
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199446
Last Updated: 02/26/2021
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.

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