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6402 E Jean Drive Scottsdale, AZ 85254

4 Beds 3 Baths 2,177 sqft Built 1974

$659,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $302.71
  • 2 Days on Market
  • MLS # : 6155280
  • Updated Date : 11/02/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,177 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

This completely remodeled home is in the magic zip code 85254 just minutes away from Kierland Commons! The grand entrance with uniquely designed courtyard welcomes the new homeowners. This home has fine detailed finishes. Right from the front door you are greeted by spacious interior displaying beautiful flooring, a cozy dining room, living room and modern kitchen featuring stainless steel gas appliances. The split floor plan with two master bedrooms have modern designed bathrooms, barn doors and spacious closets. Plantation shutters complete the look and add privacy. Direct access from each bedroom to the beautiful entertainer's oasis in the back yard where you enjoy the beautiful diving pool and expansive covered patios.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Raskin Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Raskin 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
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
 

$593,100$724,900$659,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,431
Property Tax -$493
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$523

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.

$659,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,694

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,705

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,315
1$2,3152$2,5003$2,5704$2,7505$2,950
$2,950
RENT COMPS ANALYSIS
  • 6402 E Jean Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $1.18
    •  
  • 6102 E Friess Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1979
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,315
    • $1.07
    •  
  • 6629 E Dreyfus Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1971
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
  • 6548 E Presidio Road Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1974
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.25
    •  
  • 6802 E Ludlow Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.43
    •  
PROPERTY LISTING DETAILS
Ivaylo Ivanov
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155280
Last Updated: 11/02/2020
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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