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6138 E Janice Way Scottsdale, AZ 85254

5 Beds 3 Baths 3,321 sqft Built 1990

$699,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $210.48
  • 4 Days on Market
  • MLS # : 6156610
  • Updated Date : 11/13/2020 at 13:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,321 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

OPEN HOUSE Sat/Sun 10a-2p. The popular 85254 zip code and No HOA! This spectacular home offers 5 spacious bedrooms and 3 fully renovated bathrooms. One of the bedrooms is currently being used as an office, with built-in Stone Creek furnishings. Open eat-in kitchen features granite counters, stainless appliances and pendant lighting. Striking plantation shutters in formal living/dining room and kitchen. Wood-burning fireplace in the family room. The master bedroom is upstairs and includes new cellular window shades and an upgraded ensuite bath, featuring a separate shower and garden tub, double vanity and walk-in closet. New carpet on stairs and upstairs bedrooms. The backyard is beautifully landscaped with its north-facing covered patio and a sparkling pebble finish pool!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Valley Village

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,579
Property Tax -$523
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
$87

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.

$699,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$56,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,562

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,380
1$3,3802$3,5003$3,5004$3,6005$3,800
$3,800
RENT COMPS ANALYSIS
  • 6138 E Janice Way Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,321 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,321 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.02
    •  
  • 6213 E Helm Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
  • 5663 E Kings Avenue Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,343 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,343 Sqft ∙ Built 1990
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.05
    •  
  • 6415 E Winchcomb Drive Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.06
    •  
  • 16442 N 59th Place Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1991
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.15
    •  
PROPERTY LISTING DETAILS
Stephen Ong
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156610
Last Updated: 11/13/2020
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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