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5843 N 83rd Street Scottsdale, AZ 85250

3 Beds 2 Baths 1,301 sqft Built 1971

$310,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $238.28
  • 2 Days on Market
  • MLS # : 6178867
  • Updated Date : 01/09/2021 at 00:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,301 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Awesome single level patio home, it is the end unit right on the greenbelt. The home is 5 units away from the community pool. Open floor plan with 3bedrooms and 2 baths. There is a storage unit off the sizable rear patio. There are 2 covered parking spots and 1 uncovered spot.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chateau de Vie North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Chateau de Vie North

ZipNIR 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
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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,077
Property Tax -$145
Property Insurance -$53
HOA -$264
Property Management Fees -$99
CASH FLOW
$153

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.

$310,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$28,307

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $1,789

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7904$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 5843 N 83rd Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.38
    •  
  • 8234 E Mcdonald Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.22
    •  
  • 8243 E Mcdonald Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1972
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.27
    •  
  • 5956 N 83rd Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 1972
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.54
    •  
  • 5910 N Granite Reef Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1973
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.47
    •  
PROPERTY LISTING DETAILS
Christopher Meyer
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178867
Last Updated: 01/09/2021
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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