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5623 E Claire Drive Scottsdale, AZ 85254

4 Beds 3 Baths 3,777 sqft Built 1988

$724,999

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $191.95
  • 2 Days on Market
  • MLS # : 6165632
  • Updated Date : 11/28/2020 at 15:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,777 sqft
  • Baths : 3 full
Listing Agent

Homie

Listing Agent's Description

Gorgeous split level home. Natural light vaulted ceilings. Lrg master w/ fireplace & access to backyard. Lrg gourmet kitchen spacious granite counters & updated cabinetry. SS appliances (new refrigerator) walk-in pantry. RAISED COVERED PATIO w/ extended seating. Bright FINISHED BASEMENT w/ Rec rm wet bar INBUILT WIRING RECESSED SCREEN/PROJECTOR 2 bdrms walk in closets & full bath. RESORT STYLE Backyard w/ SPARKLING POOL & SPA built in BBQ w/ outdoor heater. Near shopping & Great Schools! NO HOA!

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 Springs Preparatory Elementary School Primary Regular 461 33 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Desert Springs Preparatory Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 33
7
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
 

$652,499$797,499$724,999

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$2,675
Property Tax -$543
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
$433

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.

$724,999

PROJECTED PRICE

$3,850

PROJECTED RENT

0.53%

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$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,749
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$97,324

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
  • $4,882

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,3004$5,0005$5,100
$5,100
RENT COMPS ANALYSIS
  • 5623 E Claire Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,777 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,777 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6416 E Le Marche Avenue Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997 3 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.17
    •  
  • 16016 N 68th Street Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.25
    •  
  • 6423 E Monte Cristo Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,599 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,599 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.39
    •  
  • 5747 E Gelding Drive Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,746 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,746 Sqft ∙ Built 1990
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,100
    • $1.36
    •  
PROPERTY LISTING DETAILS
Krysten Giordano
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165632
Last Updated: 11/28/2020
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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