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6513 N 81st Place Scottsdale, AZ 85250

3 Beds 3 Baths 2,236 sqft Built 1983

$680,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $304.11
  • 4 Days on Market
  • MLS # : 6208760
  • Updated Date : 03/19/2021 at 03:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,236 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Amazing opportunity to own this 3 bedroom, 2.5 bathroom home in the heart of Scottsdale. Upon entering you are greeted with an open foyer, formal living and dining room, quaint family room with a wood burning fireplace and vaulted ceiling. Master suite in on the main level with 2 additional bedrooms and full bath upstairs. Kitchen has plenty of counter and cabinet space with a breakfast nook looking over the backyard which offers completely renovated pool, mature trees and lots of room to play. All of this Situated on an oversized corner cul-de-sac lot, walking distance to award winning schools, shopping and entertainment. Come and see this well loved home and envision all of the ways you could make it your own.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hayden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Hayden 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
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
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,362
Property Tax -$318
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$10

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.

$680,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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-$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$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$39,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $3,326

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$2,840
1$2,8402$3,0003$3,2004$3,5005$3,900
$3,900
RENT COMPS ANALYSIS
  • 6513 N 81st Place Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.27
    •  
  • 8338 E Stella Lane Scottsdale, AZ 2
    • 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 3
    • 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 4
    • 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
    •  
  • 6341 N 82nd Way Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1967 4 beds 4 baths ∙ 2,360 Sqft ∙ Built 1967
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.65
    •  
PROPERTY LISTING DETAILS
Robin Tamburo
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208760
Last Updated: 03/19/2021
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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