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6022 E Hillery Drive Scottsdale, AZ 85254

4 Beds 3 Baths 2,522 sqft Built 1986

$749,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $296.99
  • 2 Days on Market
  • MLS # : 6173004
  • Updated Date : 12/19/2020 at 12:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,522 sqft
  • Baths : 3 full
Listing Agent

Tina Marie Realty

Listing Agent's Description

RENOVATED HOME , high demand zip of 85254, almost 1/4 acre lot! NO HOA community on a desirable NORTH/SOUTH lot. Double French door entry invites you to vaulted ceilings, light / bright spacious rooms, impressive great room w/ knock out kitchen! White Shaker cabinetry, waterfall island, quartz counters, subway backsplash, new stainless appliances. Fabulously large dining room for, large triple slider opens to covered patio, grassy area and resurfaced pool are ready for your enjoyment. Large master suite w/ impressive shower, his/her closets. Split bedroom floorplan for privacy. Bedrm next to master can be workout room, office, or guest quarters, located next to the 3rd bath! Additional 2 bedrooms + bath next to teen / bonus room w/ access to yard. New designer finishes, fixtures, lighting

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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,763
Property Tax -$560
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$459

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.

$749,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$15,580

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
  • $3,146

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,0004$3,1005$3,100
$3,100
RENT COMPS ANALYSIS
  • 6022 E Hillery Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6153 E Hillery Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,632 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,632 Sqft ∙ Built 1989
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 6236 E Acoma Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
  • 5734 E Betty Elyse Lane Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1979
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.31
    •  
  • 5720 E Marilyn Road Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1990
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.31
    •  
PROPERTY LISTING DETAILS
Tina M. Sloat
Tina Marie Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173004
Last Updated: 12/19/2020
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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