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5707 E Blue Sky Drive Scottsdale, AZ 85266

3 Beds 3 Baths 3,622 sqft Built 1999

$875,000

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $241.58
  • 5 Days on Market
  • MLS # : 6177517
  • Updated Date : 01/07/2021 at 19:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,622 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Your very own Desert Oasis located in the highly sought after Preserve neighborhood of North Scottsdale! Some of the many features include: Over an Acre lot, Owned Solar, a 4 car garage with enclosed/air conditioned work shop, custom office with built in cabinetry, stunning kitchen with granite countertops, stereo speakers in family room, great room, bedroom, and patio, two Wi-Fi connected Honeywell thermostats, wet bar, Wi-Fi landscaping control center, trash compactor in kitchen and SO MUCH MORE. Owned solar will save you approximately $35,000 over the next 10 years! The large lot with ample space between neighbors makes this home a peaceful retreat. Original owners have cared for this home and their pride of ownership really shows! This home is IMMACULATE!!! MUST SEE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k769k

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

Neighborhood: The Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454157

* 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 Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$3,039
Property Tax -$409
Property Insurance -$98
HOA -$33
Property Management Fees -$99
CASH FLOW
$562

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.

$875,000

PROJECTED PRICE

$4,240

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.8%
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$50k

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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$108,142

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
  • $4,298

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,4004$5,000
$5,000
RENT COMPS ANALYSIS
  • 5707 E Blue Sky Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,622 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,622 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6772 E Duane Lane Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,312 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,312 Sqft ∙ Built 1996
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
  • 6540 E Oberlin Way Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,946 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,946 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.12
    •  
  • 5938 E Ironwood Drive Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,622 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,622 Sqft ∙ Built 2000
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.38
    •  
PROPERTY LISTING DETAILS
Casey J. Jann
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177517
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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