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5825 E Justine Road Scottsdale, AZ 85254

4 Beds 2 Baths 2,122 sqft Built 1980

$599,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $282.70
  • 4 Days on Market
  • MLS # : 6167141
  • Updated Date : 12/04/2020 at 10:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,122 sqft
  • Baths : 2 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Sit back and relax in the private tranquility of your generous backyard, bordered by mature landscaping and complete with paver pool deck and lush grass. Step out of the sparkling pool to flip the food on your built-in barbecue while your guests (remember those?!) sip drinks in the cool shade of the misted covered patio. Prefer to go out to dinner (remember doing that?!)? Kierland Shopping Center and Scottsdale Quarter are just minutes down the road with dozens of restaurants and stores to satisfy all of your needs. Inside, enjoy the four ample bedrooms of this carpet-less home, along with great spaces for living, dining and gathering. Roof replaced just before listing, this home has been well-prepped and is ready for it's next owner to enjoy!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Glen North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k508k

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

Neighborhood: Cactus Glen North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453047

* 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
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,213
Property Tax -$449
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$250

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.

$599,900

PROJECTED PRICE

$2,580

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$20,179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,817

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,5803$2,9504$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 5825 E Justine Road Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.22
    •  
  • 6016 E Beck Lane Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1984
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.14
    •  
  • 5448 E Beck Lane Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,316 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,316 Sqft ∙ Built 1984
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.27
    •  
  • 5801 E Marconi Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1985
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.41
    •  
  • 5725 E Monte Cristo Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 1985
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.49
    •  
PROPERTY LISTING DETAILS
Robert Adler
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167141
Last Updated: 12/04/2020
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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