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6164 E Amber Sun Drive Scottsdale, AZ 85266

3 Beds 3 Baths 2,786 sqft Built 1997

$1,000,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $358.94
  • 4 Days on Market
  • MLS # : 6211789
  • Updated Date : 03/27/2021 at 05:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,786 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Very private stunning 300 degrees Black Mountain and desert landscape views from both the exterior and interior of this impeccably-maintained Aurora model that backs to acres of lush Sonoran desert and has a NEW ROOF AND TRANE HVAC SYSTEM that are both under warranty for years. INDOOR LIVING is tastefully updated with Level 7 slab granite counters with matching glass mosaic tile backsplash, complimentary 9''X48'' neutral tile, KitchenAid SS appliances, stacked stone fireplace, sound system and much more. OUTDOOR LIVING The oversized backyard has an enormous flagstone patio surrounding a remote-controlled built-in Spa, soothing natural boulder water feature, large wood or gas burning Kiva with banco seating, and a stainless steel built-in natural gas BBQ w/ serving areas. The Aurora is

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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

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

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$3,473
Property Tax -$467
Property Insurance -$81
HOA -$343
Property Management Fees -$99
CASH FLOW
-$874

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.

$1,000,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.36%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$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$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,590

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $3,183

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9003$3,0004$3,5905$4,000
$4,000
RENT COMPS ANALYSIS
  • 6164 E Amber Sun Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,786 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,786 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.29
    •  
  • 7270 E Eagle Feather Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2001
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.06
    •  
  • 6593 E Evening Glow Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.05
    •  
  • 5410 E Calle De Las Estrellas -- Cave Creek, AZ 3
    • 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
  • 6524 E Amber Sun Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Scott Gaertner
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211789
Last Updated: 03/27/2021
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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