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

5673 E Beverly Lane Scottsdale, AZ 85254

4 Beds 3 Baths 2,881 sqft Built 1992

$699,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $242.62
  • 2 Days on Market
  • MLS # : 6185729
  • Updated Date : 01/30/2021 at 16:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,881 sqft
  • Baths : 3 full
Listing Agent

Ventana Fine Properties

Listing Agent's Description

Move in ready... Highly desired magic 85254 neighborhood in Scottsdale. Don't miss this great floor plan 2881 sq ft. 4 bedrooms/ 3 baths + office w/ plenty of windows w/ plantation shutters make this a bright and inviting home. Formal dining room with door leading out back. Continue into the kitchen outfitted with plethora of cabinets, SS appliances, center island for prep & breakfast bar. Downstairs bedroom w/ full bath great for guest. Large master upstairs with large walk-in classy closet and additional bedrooms w/ a jack-n-Jill. Backyard has gated play pool with grassy play area. Nestled in one of the most desirable zip codes in town & close to everything! Top rated schools, Kierland Commons,Desert Ridge Marketplace, Scottsdale Quarter, Mayo hospital & major freeways. No HOA

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Park Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k611k

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

Neighborhood: Paradise Park Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453422

* 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$2,428
Property Tax -$523
Property Insurance -$83
Property Management Fees -$99
CASH FLOW
$297

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.

$699,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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$5.0k$10k$15k$20k$25k$30k$35k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$66,643

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
  • $3,709

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,5504$3,6005$3,845
$3,845
RENT COMPS ANALYSIS
  • 5673 E Beverly Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6009 E Phelps Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 1994
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.17
    •  
  • 16229 N 61st Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1985
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.30
    •  
  • 5827 E Aire Libre Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 1992
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.32
    •  
  • 5676 E Sandra Terrace Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1991 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1991
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,845
    • $1.36
    •  
PROPERTY LISTING DETAILS
Jennifer Noelani Spenser
Ventana Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185729
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