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5806 E Cochise Road Paradise Valley, AZ 85253

4 Beds 3 Baths 2,180 sqft Built 1972

$850,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $389.91
  • 2 Days on Market
  • MLS # : 6199830
  • Updated Date : 02/27/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,180 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful home in highly sought after Country Estates neighborhood is move in ready! Home has large living room with wood burning fire place, formal dining room, spacious kitchen with an abundance of storage and large island, SS appliances and real wood cabinets with pull out shelves. Additional upgrades and improvements include remodeled bathrooms, new water heater, fresh paint, newer wood floors, and beautiful travertine. The outside is as inviting as the inside. Back yard features large sparkling pool, built in BBQ, and multiple sitting areas. Paradise Valley address (in case you're tryin' to be fancy), Scottsdale schools because one day the madness will end and kids will be going to school. Phoenix taxes and services. Welcome home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k684k

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

Neighborhood: Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453251

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,952
Property Tax -$529
Property Insurance -$70
HOA -$68
Property Management Fees -$99
CASH FLOW
-$828

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.

$850,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,883

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6503$2,8504$2,8905$3,250
$3,250
RENT COMPS ANALYSIS
  • 5806 E Cochise Road Paradise Valley, AZ 4
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.33
    •  
  • 12201 N 61st Place Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1971
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.23
    •  
  • 6345 E Cochise Road Paradise Valley, AZ 2
    • 4 beds 2 baths ∙ 1,997 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,997 Sqft ∙ Built 1971
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.33
    •  
  • 6203 E Gold Dust Avenue Paradise Valley, AZ 3
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.44
    •  
  • 6310 E Desert Cove Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,528 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,528 Sqft ∙ Built 1962
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.29
    •  
PROPERTY LISTING DETAILS
Rose T Knapp
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199830
Last Updated: 02/27/2021
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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