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6044 E Brilliant Sky Drive Scottsdale, AZ 85266

3 Beds 2 Baths 2,399 sqft Built 1996

$789,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $328.89
  • 7 Days on Market
  • MLS # : 6152455
  • Updated Date : 10/28/2020 at 12:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,399 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Looking for an active, social lifestyle in one of Scottsdale's most well-planned communities? See this beautifully expanded & tastefully updated Caelum model with fully-open floor plan featuring great room with stone fireplace, newer kitchen with granite counters, stainless appliances, & generous dining area. 3 bedrooms + office, 2 baths, & newer Tavertine floors throughout. Larger front 3rd bedroom is currently used as a 2nd office. Two-car garage w/storage. Additional patio area & built-in grill for entertaining, move-in ready, with most of the features & finishes that buyers want. Newer HVAC (2019) & hot water tank (2019). Well-cared for by the owners & ideal for year-round or seasonal living. Home is just a few blocks from the residents-only back gate.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k579k

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

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453383

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,911
Property Tax -$368
Property Insurance -$74
HOA -$345
Property Management Fees -$99
CASH FLOW
-$877

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.

$789,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,943

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,7503$2,7504$2,920
$2,920
RENT COMPS ANALYSIS
  • 6044 E Brilliant Sky Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,399 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,399 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.22
    •  
  • 7337 E Russet Sky Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.21
    •  
  • 4514 E Coyote Wash Drive Cave Creek, AZ 2
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2001
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.29
    •  
  • 35407 N 54th Street Cave Creek, AZ 3
    • 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.18
    •  
PROPERTY LISTING DETAILS
Thomas L Schoenbeck
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152455
Last Updated: 10/28/2020
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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