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6115 E Wethersfield Road Scottsdale, AZ 85254

3 Beds 2 Baths 2,225 sqft Built 1971

$725,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $325.84
  • 2 Days on Market
  • MLS # : 6206720
  • Updated Date : 03/13/2021 at 01:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,225 sqft
  • Baths : 2 full
Listing Agent

The Beshk Group, Inc.

Listing Agent's Description

Rare opportunity in the desirable 85254 zip code! Huge .6 acre lot in a quiet neighborhood with great potential to create you dream home. Plenty of space to add a guest house, RV garage, and backyard oasis. No HOA and easy access to schools, shopping/dining, golf courses, and freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Avant

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k560k

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

Neighborhood: Avant

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 Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,518
Property Tax -$543
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$350

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.

$725,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.2%
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$500k$1.0M$1.5M$2.0M$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$15,830

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
  • $3,104

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,9504$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 6115 E Wethersfield Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,225 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,225 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12201 N 61st Place Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1971
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.23
    •  
  • 6802 E Ludlow Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.43
    •  
  • 5710 E Sharon Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1974
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.60
    •  
  • 12409 N 58th Street Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1978
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.32
    •  
PROPERTY LISTING DETAILS
Ed Moreau
The Beshk Group, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206720
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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