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5712 E Tierra Buena Lane Scottsdale, AZ 85254

4 Beds 3 Baths 2,110 sqft Built 1985

$749,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $354.98
  • 2 Days on Market
  • MLS # : 6263265
  • Updated Date : 07/12/2021 at 14:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Usrealty Brokerage Solutions Llp

Listing Agent's Description

Location...location...location! NO HOA! Great neighborhood in highly desired 85254 zip code! Wonderful, well cared-for home on quiet street close to parks, Kierland Commons & Scottsdale Quarter. Close to 101 & 51 freeways. Clean, turn-key, 4 bedroom 2.5 bathroom home, ready for move-in! Great one-level floor-plan with NO STAIRS! Vaulted ceilings and large rooms for easy entraining. Recessed lighting throughout. Kitchen features granite counters, breakfast bar, and pantry, Home has upgraded windows and plantation shutters throughout. Powder room next to family room and kitchen. Wood-burning fireplace in living room and large sliding doors provide access to patio and pool area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Spanish Wells

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k489k

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

Neighborhood: Spanish Wells

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
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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,602
Property Tax -$560
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$459

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.

$749,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$11,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $3,118

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,8704$3,3005$4,000
$4,000
RENT COMPS ANALYSIS
  • 5607 E Tierra Buena Lane Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.36
    •  
  • 5601 E Paradise Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1985
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.26
    •  
  • 6073 E Waltann Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1987
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.40
    •  
  • 5342 E Hillery Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 1979
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.47
    •  
  • 5802 E Betty Elyse Lane Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 1979
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.78
    •  
PROPERTY LISTING DETAILS
Ryan Gehris
Usrealty Brokerage Solutions Llp
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263265
Last Updated: 07/12/2021
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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