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5749 E Marconi Avenue Scottsdale, AZ 85254

4 Beds 3 Baths 2,310 sqft Built 1985

$722,500

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $312.77
  • 3 Days on Market
  • MLS # : 6181639
  • Updated Date : 01/17/2021 at 03:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,310 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Step into Perfection! Designer Remodeled Home w/a charming gated courtyard entry. Beautiful new floors, vaulted ceilings, recessed lighting, corner fireplace & upgraded unique lighting fixtures. Stunning new chef's kitchen features a large waterfall island, breakfast bar, quartz counters, glass tile backsplash and black SS appliances. Perfect home for entertaining inside & out. Formal dining room w/an abstract accent wall. New plush carpet in all bedrooms, ample closets, upscale baths w/quartz counters, designer tile, fixtures, & interior laundry room. Primary bedroom boasts a private en suite w/dual sinks & walk-in closet. Enjoy the sparkling pool, spa, covered patio, Pergola covered patio & room for a garden. Convenient location to Shopping, Dining, & Entertainment. See It! Love It!

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
 

$650,250$794,750$722,500

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,510
Property Tax -$541
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$241

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.

$722,500

PROJECTED PRICE

$2,980

PROJECTED RENT

0.41%

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-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,213

INVESTMENT

$197,213

Down Payment
$180,625
Rehab Estimate
$5,750
Closing Costs
$10,838

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,510

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $180,625
Loan Amount $541,875
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$22,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,986

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9803$2,9954$2,9955$3,100
$3,100
RENT COMPS ANALYSIS
  • 5749 E Marconi Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.29
    •  
  • 15824 N 60th Street Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 1988
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 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
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.41
    •  
  • 5817 E Waltann Lane Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 1979
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.29
    •  
  • 5734 E Betty Elyse Lane Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1979
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.31
    •  
PROPERTY LISTING DETAILS
Tonino Berisaj
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181639
Last Updated: 01/17/2021
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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