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6208 E Hillery Drive Scottsdale, AZ 85254

5 Beds 3 Baths 3,181 sqft Built 1989

$750,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $235.77
  • 6 Days on Market
  • MLS # : 6151171
  • Updated Date : 10/30/2020 at 14:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,181 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

OPEN HOUSE ON 10/31 & 11/01 10AM-4PM! Beautiful 2 story home in a NON HOA neighborhood near Kierland! Located on an oversized lot in a very desirable, quiet, safe, and kid friendly neighborhood right down the street from crossed arrows park. This home has it all; Recently remodeled kitchen with wi-fi enabled appliances, plantation shutters, updated trim, custom projector theater system and entertainment center. The resort style backyard has Sail Shades and an oversized gas heater for both pool and spa! This home has been loved and meticulously maintained, don't miss out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k632k

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

Neighborhood: Parkwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453288

* 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
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$2,767
Property Tax -$561
Property Insurance -$89
Property Management Fees -$99
CASH FLOW
$83

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.

$750,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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-$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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$59,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,571

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,6004$3,9005$4,300
$4,300
RENT COMPS ANALYSIS
  • 6208 E Hillery Drive Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,181 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,181 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.13
    •  
  • 6213 E Helm Drive Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,383 Sqft ∙ Built 1991
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
  • 6415 E Winchcomb Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,386 Sqft ∙ Built 1996
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.06
    •  
  • 6233 E Marilyn Road Scottsdale, AZ 4
    • 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
    •  
  • 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
Zachary D Meyer
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151171
Last Updated: 10/30/2020
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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