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6333 E Wilshire Drive Scottsdale, AZ 85257

3 Beds 3 Baths 2,532 sqft Built 2000

$850,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $335.70
  • 2 Days on Market
  • MLS # : 6187942
  • Updated Date : 01/30/2021 at 23:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,532 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Wow! What a great opportunity! Beautiful property tucked away in the coveted, gated community of Papago Buttes. Large home with soaring ceilings and loads of windows and natural light. Bright white kitchen with granite counters, stainless appliances, a large island and plenty of room for a dining table.Large great room with fireplace and separate living area that serves as a den or formal dining. Huge split master suite with loads of closet space, his/her vanities, large shower and jetted tub. Custom scored concrete flooring throughout. All of this set on a corner lot with views of the spectacular grounds from every window. Gorgeous pool, loads of mature landscaping and a 3-car garage. Large covered patio and plenty of room for entertaining on this very private interior lot. Come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Papago Buttes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $109k680k

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

Neighborhood: Papago Buttes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,952
Property Tax -$568
Property Insurance -$77
HOA -$42
Property Management Fees -$99
CASH FLOW
-$838

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$850,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,312

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,469

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7993$3,0004$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 6333 E Wilshire Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6850 E Mcdowell Road #22 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,273 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,273 Sqft ∙ Built 2019
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,799
    • $1.23
    •  
  • 6923 E Orion Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 2018
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.36
    •  
  • 6850 E Mcdowell Road #52 Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 2,273 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,273 Sqft ∙ Built 2018
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.45
    •  
  • 6842 E Orion Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 2018
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.44
    •  
PROPERTY LISTING DETAILS
Kelly Knapp
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187942
Last Updated: 01/30/2021
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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