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6511 E Dreyfus Avenue Scottsdale, AZ 85254

3 Beds 3 Baths 2,695 sqft Built 1971

$850,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $315.40
  • 3 Days on Market
  • MLS # : 6180401
  • Updated Date : 01/16/2021 at 22:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,695 sqft
  • Baths : 3 full
Listing Agent

The Agency

Listing Agent's Description

This stunning Mediterranean estate located in the heart of Kierland in the highly sought after 85254 zip code! This home has been extensively updated with designer touches throughout, and is also an established revenue generating 5-star VRBO! Beautiful natural light brings an added brilliance to this newly painted 3 bed, 3 bath plus den home which features 2 Cantera Stone gas fireplaces, 18'' travertine through-out and dark wood floors in the bedrooms. The gourmet kitchen has custom cabinetry with ornate details, slab granite countertops and new appliances including a new stainless-steel refrigerator and dishwasher, and garburator. Sets of French doors open to the gorgeous backyard featuring a newly resurfaced gas-heated Pebble Tec pool and deck...

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
 

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

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$2,952
Property Tax -$636
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$227

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.

$850,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M$2.5M

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$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 50% 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

3.67

YEARS SAVED

$29,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $3,342

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,699
1$2,6992$2,8003$2,9954$3,5005$3,540
$3,540
RENT COMPS ANALYSIS
  • 6511 E Dreyfus Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,695 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,695 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $1.31
    •  
  • 6002 E Larkspur Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1974
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $1.10
    •  
  • 6802 E Redfield Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,390 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,390 Sqft ∙ Built 1978
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.17
    •  
  • 12228 N 64th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1969
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.20
    •  
  • 6828 E Ludlow Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.49
    •  
PROPERTY LISTING DETAILS
Kimberly Lowe
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180401
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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