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6121 E Calle Tuberia -- Scottsdale, AZ 85251

3 Beds 2 Baths 2,443 sqft Built 1960

$1,045,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $427.75
  • 5 Days on Market
  • MLS # : 6166570
  • Updated Date : 12/04/2020 at 11:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,443 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

** Fantastic Opportunity to Remodel or Build Your Dream Home in the Heart of Arcadia on this 1/3+Acre Lot ** Calle Tuberia is a wonderful street lined with charming homes and, it is home to the Arcadia 4th of July Parade & some of the best Trick-or-Treating in Arcadia! ** Please call Kristen White at 602.653.5000 for more information **

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Jokake Villa

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1125k

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

Neighborhood: Jokake Villa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454578

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$940,500$1,149,500$1,045,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,856
Property Tax -$598
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$1,218

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,045,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 12.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$282,675

INVESTMENT

$282,675

Down Payment
$261,250
Rehab Estimate
$5,750
Closing Costs
$15,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,856

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $261,250
Loan Amount $783,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,982

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $3,726

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$3,410
1$3,4102$3,4503$3,5004$3,7005$3,850
$3,850
RENT COMPS ANALYSIS
  • 6121 E Calle Tuberia -- Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,443 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.40
    •  
  • 5739 E Calle Del Paisano -- Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1957
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.46
    •  
  • 6132 E Rose Circle Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1958
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 3308 N 63rd Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1957
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.60
    •  
  • 6046 E Calle Tuberia -- Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,371 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,371 Sqft ∙ Built 1960
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.62
    •  
PROPERTY LISTING DETAILS
Kristen White
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166570
Last Updated: 12/04/2020
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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