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6511 E Thunderbird Road Scottsdale, AZ 85254

3 Beds 2 Baths 1,844 sqft Built 1976

$525,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $284.71
  • 3 Days on Market
  • MLS # : 6170242
  • Updated Date : 01/08/2021 at 22:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,844 sqft
  • Baths : 2 full
Listing Agent

Those Callaways

Listing Agent's Description

UNTOUCHED CHARM. Situated in sought-after Raskin Estates, there's nothing to undo in this spacious home, ready for you to add your own personalized finishes and amenities. A covered front patio invites you in to the large living room and through to the formal chandelier-lit dining room. Handsome wooden beams dress the ceiling in the family room, also featuring a cozy corner-set brick fireplace and convenient patio exit. The long kitchen enjoys white appliances, hardwood cabinetry, an eat-in breakfast area and colorful backyard view. Master suite has two closets, dual sinks and a private exit. A crystal-clear fenced pool sits on one side of the generous yard while a large lawn covers the other. Mature citrus, flowering bougainvillea and a covered patio complete the alfresco scene.

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,824
Property Tax -$393
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$262

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.

$525,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.50%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$53,852

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $2,632

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,325
1$2,3252$2,4993$2,6004$2,6405$2,695
$2,695
RENT COMPS ANALYSIS
  • 6511 E Thunderbird Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.43
    •  
  • 6730 E Sweetwater Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1969
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.30
    •  
  • 7011 E Redfield Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1979
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.35
    •  
  • 6776 E Evans Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.56
    •  
  • 6721 E Sharon Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1976
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.50
    •  
PROPERTY LISTING DETAILS
Joann Callaway
Those Callaways
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170242
Last Updated: 01/08/2021
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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