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5744 E Paradise Lane Scottsdale, AZ 85254

4 Beds 3 Baths 3,350 sqft Built 1992

$795,000

List Price

$3,820

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $237.31
  • 7 Days on Market
  • MLS # : 6165940
  • Updated Date : 12/02/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,350 sqft
  • Baths : 3 full
Listing Agent

Walt Danley Christie's International Real Estate

Listing Agent's Description

Located in fabulous central Scottsdale, this 4 Bedroom/3 Bath house, plus a den, is located minutes away from Kierland Commons and the Scottsdale Quarter. The home offers an open great room and formal dining area, a gourmet chef's kitchen with granite countertops, mahogany cabinets with tile and marble flooring. The oversized master bedroom has vaulted ceilings, dual vanities, separate shower and jetted tub and an enormous walk-in closet. The resort-like yard, which is perfect for entertaining, includes a covered patio, beautiful pool and a garden shed. Paradise Valley schools are an added bonus!

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
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
 

$715,500$874,500$795,000

PURCHASE PRICE

$3,438$4,202$3,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,820
EXPENSES Loan Payment -$2,933
Property Tax -$595
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
$100

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.

$795,000

PROJECTED PRICE

$3,820

PROJECTED RENT

0.48%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$64,527

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
  • $3,518

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1993$3,5004$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 5744 E Paradise Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,350 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,350 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17219 N 55th Place Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,302 Sqft ∙ Built 1992 5 beds 3 baths ∙ 3,302 Sqft ∙ Built 1992
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,199
    • $0.97
    •  
  • 5663 E Kings Avenue Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,343 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,343 Sqft ∙ Built 1990
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.05
    •  
  • 5352 E Woodridge Drive Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 3,400 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,400 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
  • 16442 N 59th Place Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1991
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.15
    •  
PROPERTY LISTING DETAILS
Walter Danley
Walt Danley Christie's International Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165940
Last Updated: 12/02/2020
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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