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5808 N 81st Street Scottsdale, AZ 85250

5 Beds 2 Baths 2,209 sqft Built 1972

$600,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $271.62
  • 1 Days on Market
  • MLS # : 6263358
  • Updated Date : 07/13/2021 at 14:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,209 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Truly Magnificent location in the heart of Scottsdale backing to Chaparral Park and Scottsdale's award-winning park system. With Camelback Mountain in the background and countless restaurants to choose from along with Scottsdale Fashion Center and Scottsdale's Spring Training Stadium only 3 Miles away. This neighborhood is in the midst of a massive revitalization with every home sold being updated. While this home has some deferred maintenance, this property offers great potential AND has a fireplace and a pool in place. Now is the opportunity to Own YOUR HOME in Scottsdale. Did we mention - NO HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
Pueblo Elementary School Primary Regular 492 28 9
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Pueblo Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 28
9
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,084
Property Tax -$281
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$336

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$600,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$71,753

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
  • $3,402

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$3,2004$3,6005$3,900
$3,900
RENT COMPS ANALYSIS
  • 5808 N 81st Street Scottsdale, AZ 1
    • 5 beds 2 baths ∙ 2,209 Sqft ∙ Built 1972 5 beds 2 baths ∙ 2,209 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8725 E Palo Verde Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1962
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.35
    •  
  • 5711 N 83rd Place Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1970
    LEASED 06/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.52
    •  
  • 8608 E Palo Verde Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1962
    LEASED 06/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.64
    •  
  • 6341 N 82nd Way Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1967 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1967
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.65
    •  
PROPERTY LISTING DETAILS
David Rosenfeld
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263358
Last Updated: 07/13/2021
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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