Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6518 E Sunnyside Drive Scottsdale, AZ 85254

4 Beds 2 Baths 2,256 sqft Built 1962

$855,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $378.99
  • 8 Days on Market
  • MLS # : 6174785
  • Updated Date : 01/03/2021 at 02:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,256 sqft
  • Baths : 2 full
Listing Agent

Joi Realty

Listing Agent's Description

Welcome home to your own piece of paradise. This beautifully renovated home features a new kitchen with new cabinetry, granite counters, stainless appliances, recessed lighting, and window overlooking the courtyard. There is Tile throughout the entire home. There is a gorgeous front courtyard for all your entertaining. Living room has views of the huge east yard. There is a detached 1260 square foot garage. Bring all of your toys in this NON HOA neighborhood.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k639k

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

Neighborhood: West Cactus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453237

* 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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$769,500$940,500$855,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$3,155
Property Tax -$419
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$1,053

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.

$855,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$232,325

INVESTMENT

$232,325

Down Payment
$213,750
Rehab Estimate
$5,750
Closing Costs
$12,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,155

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $213,750
Loan Amount $641,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,826

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6903$2,8004$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 6518 E Sunnyside Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,256 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,256 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.19
    •  
  • 12201 N 61st Place Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1971
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.23
    •  
  • 6849 E Corrine Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1975
    property image
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.42
    •  
  • 12636 N 68th Place Scottsdale, AZ 4
    • 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,415 Sqft ∙ Built 1973
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 12228 N 64th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1969
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.20
    •  
PROPERTY LISTING DETAILS
Jenna M. Jacques
Joi Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174785
Last Updated: 01/03/2021
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.

BESbswy