Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6174 E Janice Way Scottsdale, AZ 85254

5 Beds 3 Baths 3,367 sqft Built 1991

$675,000

List Price

$3,890

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $200.48
  • 4 Days on Market
  • MLS # : 6175980
  • Updated Date : 01/01/2021 at 17:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,367 sqft
  • Baths : 3 full
Listing Agent

Legendary Properties, Llc

Listing Agent's Description

Awesome tri-level with grand entry door, private sitting area, formal dining, huge kitchen and private lower level. Large yard allows swimming pool bbq area room for grass or your garden. Good sun with covered and uncovered patios. Oversize garage with room for three cars. Tile roof, upgrades everywhere. New windows. Extra insulation. Location, Location, Location.

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
 

$607,500$742,500$675,000

PURCHASE PRICE

$3,501$4,279$3,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,890
EXPENSES Loan Payment -$2,490
Property Tax -$517
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
$691

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.

$675,000

PROJECTED PRICE

$3,890

PROJECTED RENT

0.58%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$127,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,890

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $3,981

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8903$3,9004$4,0005$4,300
$4,300
RENT COMPS ANALYSIS
  • 6174 E Janice Way Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,890
    • $1.16
    •  
  • 16442 N 59th Place Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1991
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.15
    •  
  • 6233 E Marilyn Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.15
    •  
  • 6428 E Hearn Road Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 3,393 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,393 Sqft ∙ Built 1996
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.18
    •  
  • 16016 N 68th Street Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.25
    •  
PROPERTY LISTING DETAILS
Timothy W Schutt
Legendary Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175980
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy