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5768 E Hearn Road Scottsdale, AZ 85254

3 Beds 2 Baths 2,053 sqft Built 1992

$649,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $316.12
  • 2 Days on Market
  • MLS # : 6173198
  • Updated Date : 12/20/2020 at 00:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,053 sqft
  • Baths : 2 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

From your first steps up the rustic Santa Fe brick walkway to the smooth rounded-edge walls and latilla and viga ceiling, this beautiful custom home embodies a Territorial style rarely found in the heart of Scottsdale. Southwestern warmth greets you at the gate as you step into the cozy enclosed courtyard of the front patio. Enter into the home to the stunning great room with high ceiling and Saltillo tile throughout. Windows abound, peering out to the private backyard with spacious covered patio, kiva fireplace and pebble-tec pool. Sip drinks in the shaded comfort of the pergola and enjoy the clear Arizona views all the way to the McDowell Mountains. Additional features: updated kitchen,, oversize 3-head shower in master bath, programmable lighting & electric car charger (see more)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Paz at Desert Springs

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: La Paz at Desert Springs

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 Springs Preparatory Elementary School Primary Regular 461 33 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Desert Springs Preparatory Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 33
7
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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,395
Property Tax -$486
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$216

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.

$649,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$25,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,330

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2753$2,6504$2,6955$2,830
$2,830
RENT COMPS ANALYSIS
  • 5768 E Hearn Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.38
    •  
  • 5916 E Spring Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1981
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.05
    •  
  • 5930 E Spring Road Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1981
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.01
    •  
  • 5827 E Ludlow Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.20
    •  
  • 14034 N 60th Street Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1983
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.28
    •  
PROPERTY LISTING DETAILS
Sandra Adler
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173198
Last Updated: 12/20/2020
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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