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6235 E Aster Drive Scottsdale, AZ 85254

4 Beds 2 Baths 2,315 sqft Built 1969

$699,900

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $302.33
  • 2 Days on Market
  • MLS # : 6176309
  • Updated Date : 01/02/2021 at 02:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,315 sqft
  • Baths : 2 full
Listing Agent

Those Callaways

Listing Agent's Description

THOUSANDS OF OPEN SQUARE FEET for your own personalized amenities - add a guest house or equestrian facilities on over three-quarters of an ACRE in the Magic Zip Code! This split-plan Territorial sits in the coveted Sweetwater Corridor with two RV gates, horse privileges and a detached garage/workshop (with parking for two cars). A gated courtyard invites you into the spacious home, featuring formal living spaces and a granite kitchen. The master suite has a walk-in closet, dual sinks and a tile-surround shower. Split stone fireplace, beamed ceiling and dual-pane windows. Travertine tile, hardwood and carpeting dress the floors. A long covered back patio reveals the initial yard while a flagstone pathway leads to the walled back yard. Bring your creativity and make this your dream property

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shea North Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k535k

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

Neighborhood: Shea North Estates

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 Shadows Elementary School Primary Regular 501 33 8
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Desert Shadows Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 33
8
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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,582
Property Tax -$524
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$217

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.

$699,900

PROJECTED PRICE

$3,060

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$28,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,871

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8003$2,9954$3,0605$3,500
$3,500
RENT COMPS ANALYSIS
  • 6235 E Aster Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,315 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,315 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.32
    •  
  • 5827 E Ludlow Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.20
    •  
  • 12636 N 68th Place Scottsdale, AZ 2
    • 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 12228 N 64th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1969
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.20
    •  
  • 12409 N 58th Street Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1978
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.40
    •  
PROPERTY LISTING DETAILS
Joann Callaway
Those Callaways
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176309
Last Updated: 01/02/2021
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.

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