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6373 E Senita Circle Scottsdale, AZ 85266

3 Beds 4 Baths 2,897 sqft Built 1997

$975,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $336.56
  • 3 Days on Market
  • MLS # : 6155667
  • Updated Date : 11/06/2020 at 11:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,897 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Sited on a quiet cul-de-sac lot with a north/south exposure you enter the professionally landscaped courtyard with a relaxing fountain. Entering this popular Nimbus plan you'll see it has been completely remodeled and includes Travertine floors and bases, Alder cabinets and solid Alder doors, beautiful granite countertops throughout. Kitchen with built-in refrigerator has matching Alder face, Dacor 5-burner gas cooktop, underlighted cabinets and center island. Kitchen opens to family room with stacked stone gas fireplace. Spacious den with glass paneled Alder doors. Remodeled walk-in showers in all baths. Master suite with south facing windows and separate patio access and you'll love the custom features in the master bath. South facing rear patio with heated pool, and water feature,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k579k

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

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453383

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,597
Property Tax -$455
Property Insurance -$84
HOA -$113
Property Management Fees -$99
CASH FLOW
-$648

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.

$975,000

PROJECTED PRICE

$3,700

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

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$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$18,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,339

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,1504$3,7005$4,000
$4,000
RENT COMPS ANALYSIS
  • 6373 E Senita Circle Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 2,897 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,897 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.28
    •  
  • 6593 E Evening Glow Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,751 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.05
    •  
  • 5410 E Calle De Las Estrellas -- Cave Creek, AZ 2
    • 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
  • 32409 N 52nd Way Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 1999
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.10
    •  
  • 6524 E Amber Sun Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Joan Anthony
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155667
Last Updated: 11/06/2020
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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