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6245 E Evans Drive Scottsdale, AZ 85254

3 Beds 2 Baths 1,800 sqft Built 1980

$625,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $347.22
  • 4 Days on Market
  • MLS # : 6171505
  • Updated Date : 01/14/2021 at 18:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Incredible 3 bed/2 bath Scottsdale home, just 1.5 miles from amazing dining, shopping, and outdoor fun at Kierland Commons/Scottsdale Quarter. This beautifully updated gem has charming curb appeal, RV side yard and RV gate. Spacious open floor plan with beautiful flooring and a corner fireplace. Custom solid core shaker doors throughout, with Anderson wood patio doors at Dining and Master Bedroom. The kitchen will delight any chef with hand-selected granite counters, stainless appliances, R/O purified water, soft close drawers, 2 pantries and breakfast island. Master bedroom retreat is split from 2nd bedrooms w/ sliding doors to patio, private en suite, and separate makeup vanity. Amazing backyard has 3 covered patios, Pebbletec diving pool w/ new cool deck in 2020. Laundry cabinets too

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Paz at Desert Springs

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: La Paz at Desert Springs

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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,171
Property Tax -$468
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$210

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.

$625,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$19,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $2,826

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,590
1$2,5902$2,6003$2,6504$2,7005$2,990
$2,990
RENT COMPS ANALYSIS
  • 6245 E Evans Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.44
    •  
  • 6776 E Evans Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.56
    •  
  • 5924 E Marilyn Road Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 1984
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.62
    •  
  • 5731 E Evans Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1989
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
  • 6407 E Marilyn Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1996
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.61
    •  
PROPERTY LISTING DETAILS
Kenneth W Johnson
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171505
Last Updated: 01/14/2021
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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