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5731 E Le Marche Avenue Scottsdale, AZ 85254

4 Beds 3 Baths 2,110 sqft Built 1985

$580,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $274.88
  • 1 Days on Market
  • MLS # : 6155394
  • Updated Date : 11/02/2020 at 23:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Joi Realty

Listing Agent's Description

Come see this beautifully updated home in a highly sought-after neighborhood with magic zip code 85254 and NO HOA. This 4 bedroom, 2.5 bath house has plantation shutters, ceiling fans, and boasts natural light throughout the house with its skylights and lots of windows. The house has an Arizona room that can be used as an office or excercise room, and has a private courtyard to sit and enjoy the beautiful AZ fall weather. The backyard with a pool is great for entertaining guests. The garage has plenty of cabinets for extra storage. The roof was recently partially replaced, the hot water heater was upgraded to an extra large tank in 2017, the pool pump was replaced in 2020 and new dishwasher in 2020.All newer, high-end kitchen appliances convey with the sale. Come make

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
North Ranch Elementary School Primary Regular 512 31 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

North Ranch Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 31
9
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
 

$522,000$638,000$580,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,140
Property Tax -$434
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$31

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.

$580,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$36,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,001

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,710
1$2,7102$2,7953$2,9954$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 5731 E Le Marche Avenue Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.28
    •  
  • 16621 N 59th Place Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 1988
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.29
    •  
  • 5801 E Marconi Avenue Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1985
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.41
    •  
  • 5725 E Monte Cristo Avenue Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.49
    •  
  • 5432 E Grandview Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.50
    •  
PROPERTY LISTING DETAILS
Erika Robledo
Joi Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155394
Last Updated: 11/02/2020
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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