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6207 E Le Marche Avenue Scottsdale, AZ 85254

4 Beds 2 Baths 2,464 sqft Built 1986

$849,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $344.56
  • 1 Days on Market
  • MLS # : 6258167
  • Updated Date : 07/13/2021 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,464 sqft
  • Baths : 2 full
Listing Agent

Azreapm

Listing Agent's Description

BEAUTIFUL SCOTTSDALE LOCATION! Do NOT miss this opportunity to make this home yours! This gorgeous property showcases a lush backyard with a BRAND NEW REDONE SPARKLING POOL! Artificial turf for low maintenance , Large covered patio with great space for entertaining, Large Spacious Open Floor plan with vaulted ceilings, open and bright with lots of natural light. Fireplace for those chilly Arizona Evenings. 3 car garage with enough space for all of your toys or tools, Brand New HVAC unit, new Hot water heater, There are travertine floors throughout. Granite counter tops in the large open kitchen with Stainless steel appliances and space for a formal dining room. Nice large master bath with a soaking tub and separate shower - This property will go FAST! Make this yours today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k544k

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

Neighborhood: North Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453096

* 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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,949
Property Tax -$635
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$748

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.

$849,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.0%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,543

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $3,222

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0103$3,2004$3,2505$3,495
$3,495
RENT COMPS ANALYSIS
  • 6207 E Le Marche Avenue Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,464 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,464 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $1.22
    •  
  • 6334 E Kathleen Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,369 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,369 Sqft ∙ Built 1987
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.27
    •  
  • 6508 E Beverly Lane Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1985
    property image
    LEASED 05/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
  • 6448 E Paradise Lane Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 1984
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.24
    •  
  • 6410 E Carolina Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,397 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,397 Sqft ∙ Built 1996
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.46
    •  
PROPERTY LISTING DETAILS
John Fagundes
Azreapm
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6258167
Last Updated: 07/13/2021
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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