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5701 E Hartford Avenue Scottsdale, AZ 85254

4 Beds 2 Baths 2,371 sqft Built 1986

INVESTimate

$669,900

List Price

$2,680

$2,430 - $2,930

Rent Est.

$713,310  ( +6.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $282.54
  • 6 Days on Market
  • MLS # : 6119792
  • Updated Date : 08/21/2020 at 10:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,371 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Gorgeous, Move-In Ready 4 bedroom, 2 bathroom home in the beautiful city of Scottsdale! Located in a highly desirable 85254 community, this fine property boasts an over-sized corner lot, more than 10,000 square feet of space with a new RV and side gates, with new all weather planks. You'll find loads of storage inside the mud room, oversized 3-car garage and two separate living areas/media room. The interior details finely showcase tile flooring in all the right places, high vaulted ceilings, a stunning brick fireplace in the family room, plus a modern kitchen with espresso cabinetry, backsplash that nicely compliments the granite countertops and stainless steel appliances. Bedrooms are spacious and the master retreat features a remodeled en-suite that includes dual countertop wash basins,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Valley Village

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
Copper Canyon Elementary School Primary Regular 718 36 9
Copper Canyon Elementary School Middle Regular 718 36 9
Horizon High School High Regular 2,262 86 8

Copper Canyon Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 36
9
GreatSchools Rating

Copper Canyon Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 36
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$602,910$736,890$669,900

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,472
Property Tax -$501
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$465

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.

$669,900

PROJECTED PRICE

$2,680

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.48%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$10,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,810

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6803$2,8504$2,9005$3,100
$3,100
RENT COMPS ANALYSIS
  • 5701 E Hartford Avenue Scottsdale, 2
    • 4 beds 2 baths ∙ 2,371 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,371 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.13
    •  
  • 16631 N 59th Place Scottsdale, 1
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1988
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 16816 N 51st Street Scottsdale, 3
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.24
    •  
  • 16627 N 61st Way Scottsdale, 4
    • 3 beds 2 baths ∙ 2,310 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,310 Sqft ∙ Built 1991
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.26
    •  
  • 16831 N 62 Place Scottsdale, 5
    • 3 beds 3 baths ∙ 2,557 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,557 Sqft ∙ Built 1996
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.21
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119792
Last Updated: 08/21/2020
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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