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6402 N 87th Street Scottsdale, AZ 85250

4 Beds 3 Baths 2,391 sqft Built 1966

$625,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $261.40
  • 6 Days on Market
  • MLS # : 6158647
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,391 sqft
  • Baths : 3 full
Listing Agent

Endeavor Real Estate

Listing Agent's Description

The best value in Scottsdale! This 4 bedroom, 3 bathroom home has it all with the best tri-level layout, finished 2-car garage, brand new kitchen and wet bar with stainless steel appliances, designer paint scheme, new oil-rubbed bronze fixtures throughout, beautiful travertine fireplaces in the living room and the master bedroom, built-in his and her master closets, updated baths, a sparkling pool with mountain views...You really can have it all, a MUST SEE!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

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
Pueblo Elementary School Primary Regular 492 28 9
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Pueblo Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 28
9
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

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

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,306
Property Tax -$292
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
$139

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.

$625,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$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 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$63,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $3,365

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9103$3,0004$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 6402 N 87th Street Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.22
    •  
  • 5711 N 83rd Place Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1970
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.33
    •  
  • 8338 E Stella Lane Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,360 Sqft ∙ Built 1967 4 beds 2 baths ∙ 2,360 Sqft ∙ Built 1967
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.27
    •  
  • 8419 E Valley Vista Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1967 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1967
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
  • 6525 N 81st Place Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1983
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.57
    •  
PROPERTY LISTING DETAILS
James T Moore
Endeavor Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158647
Last Updated: 11/13/2020
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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