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6401 E Redfield Road Scottsdale, AZ 85254

4 Beds 4 Baths 3,321 sqft Built 1977

$925,000

List Price

$3,650

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $278.53
  • 4 Days on Market
  • MLS # : 6182808
  • Updated Date : 01/23/2021 at 02:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,321 sqft
  • Baths : 3 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Lovely, elegant and neutral N/S facing home in coveted Thunderbird East. 3321 sq. ft, 4 bed /3.5 bath - Newer wood flooring, wood shutters, Pella double pane windows. Kitchen with granite countertops, maple cabinets & New GE appliances. Open floor plan w/spacious rooms. Vaulted ceilings w/clerestory windows. Set on huge lot with lots of room to run and play & the RV slab on east side would make a great sport court. This won't last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird East

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: Thunderbird East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453597

* 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
Sandpiper Elementary School Primary Regular 479 28 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sandpiper Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 28
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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,213
Property Tax -$692
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
-$446

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.

$925,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$20,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,670

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,6504$3,9005$4,000
$4,000
RENT COMPS ANALYSIS
  • 6401 E Redfield Road Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,321 Sqft ∙ Built 1977 4 beds 4 baths ∙ 3,321 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.10
    •  
  • 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
    •  
  • 6428 E Hearn Road Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,393 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,393 Sqft ∙ Built 1996
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.18
    •  
PROPERTY LISTING DETAILS
Jennifer L Michaels
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182808
Last Updated: 01/23/2021
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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