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5901 E Crocus Drive Scottsdale, AZ 85254

3 Beds 2 Baths 1,408 sqft Built 1981

$459,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $326.63
  • 2 Days on Market
  • MLS # : 6165616
  • Updated Date : 11/28/2020 at 14:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Charming 3 bedroom, 2 bath home in sought-after neighborhood. Light, bright open concept with vaulted ceilings, and lots of windows. Nice kitchen with granite, stainless steel appliances, and beautiful bay window overlooking the back yard. Master suite with walk in closet and double doors, granite vanity in master bathroom and dual sinks. Spacious laundry room. Beautiful backyard , pavered patio, fruit trees, and plenty of space to entertain. Ideal location - close to shopping, restaurants, and parks. A perfect home for the holidays!

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
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,697
Property Tax -$344
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$145

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.

$459,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$19,034

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
  • $2,049

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9954$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 5901 E Crocus Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5926 E Evans Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1979
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.33
    •  
  • 6206 E Winchcomb Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1978
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.36
    •  
  • 6216 E Evans Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1978
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.47
    •  
  • 14420 N 58th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1981
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.66
    •  
PROPERTY LISTING DETAILS
Jan Knudson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165616
Last Updated: 11/28/2020
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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