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5617 E Claire Drive Scottsdale, AZ 85254

4 Beds 3 Baths 2,878 sqft Built 1989

$724,500

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $251.74
  • 4 Days on Market
  • MLS # : 6192435
  • Updated Date : 02/11/2021 at 16:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,878 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

You will absolutely fall in love with this gorgeously updated home just minutes from everything Scottsdale has to offer!! This spacious home features a huge open Family Room, perfect for entertaining, with vaulted ceilings, wood burning fireplace, and tons of natural light. The kitchen is second to none with newer smart stainless appliances, wine fridge, gorgeous Quartz countertops, skylights, and a large kitchen island. The bedrooms are all good size and the stunning Master bath has been completely updated with a beautiful tiled shower, new flooring & cabinetry, stand-alone tub, and dual sinks with plenty of counter space. Other features include a NEW Trane HVAC unit, NEW roof, NEW flooring, NEW windows, and a smart heat-pump hot water system and smart thermostats!!

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
 

$652,050$796,950$724,500

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,516
Property Tax -$542
Property Insurance -$83
Property Management Fees -$99
CASH FLOW
$99

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.

$724,500

PROJECTED PRICE

$3,340

PROJECTED RENT

0.46%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,743

INVESTMENT

$197,743

Down Payment
$181,125
Rehab Estimate
$5,750
Closing Costs
$10,868

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,516

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,125
Loan Amount $543,375
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$48,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $3,720

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,3403$3,5004$3,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 5617 E Claire Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.16
    •  
  • 15039 N 49th Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1986
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
  • 13840 N 57th Way Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1981
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
  • 5018 E Karen Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 1988
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.26
    •  
  • 15059 N 49th Way Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,958 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,958 Sqft ∙ Built 1987
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.52
    •  
PROPERTY LISTING DETAILS
Scott R Dempsey
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192435
Last Updated: 02/11/2021
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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