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6004 E Aire Libre Lane Scottsdale, AZ 85254

5 Beds 4 Baths 4,059 sqft Built 1995

$738,000

List Price

$4,190

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $181.82
  • 4 Days on Market
  • MLS # : 6156598
  • Updated Date : 11/06/2020 at 16:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,059 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

This perfectly landscaped front yard makes the freshly painted exterior POP! Come inside and fall in house-love! Expansive living areas and beautiful, Eco-friendly Saltillo tile are found throughout the majority of the first level and are complemented by an abundance of natural light. The spacious and sensible kitchen boasts kitchen island, built-in microwave and oven, gas cooktop, and walk-in pantry with LOTS of capacity. The living space adjacent to the kitchen features an inviting and cozy stone fireplace, and there's a full size laundry room, office or ''whatever-you-want'' room, bedroom and full bathroom downstairs too! Upstairs, there's a loft area at the center of it all, as well as 4 bedrooms and 3 more bathrooms. (MORE!!!)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arabian Crest East

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k693k

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

Neighborhood: Arabian Crest East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453625

* 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
North Ranch Elementary School Primary Regular 512 31 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

North Ranch Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 31
9
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
 

$664,200$811,800$738,000

PURCHASE PRICE

$3,771$4,609$4,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,190
EXPENSES Loan Payment -$2,723
Property Tax -$552
Property Insurance -$106
Property Management Fees -$99
CASH FLOW
$710

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.

$738,000

PROJECTED PRICE

$4,190

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

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$201,320

INVESTMENT

$201,320

Down Payment
$184,500
Rehab Estimate
$5,750
Closing Costs
$11,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$2,723

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,500
Loan Amount $553,500
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$134,086

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
  • $4,181

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6503$3,8004$5,000
$5,000
RENT COMPS ANALYSIS
  • 6004 E Aire Libre Lane Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,059 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,059 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5746 E Gelding Drive Scottsdale, AZ 2
    • 6 beds 4 baths ∙ 4,130 Sqft ∙ Built 1990 6 beds 4 baths ∙ 4,130 Sqft ∙ Built 1990
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.88
    •  
  • 5333 E Anderson Drive Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 3,878 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,878 Sqft ∙ Built 1998
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.98
    •  
  • 15802 N 71st Street #451 Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 4,065 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,065 Sqft ∙ Built 2007
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.23
    •  
PROPERTY LISTING DETAILS
Kelly Henderson
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156598
Last Updated: 11/06/2020
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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