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6542 E Ludlow Drive Scottsdale, AZ 85254

5 Beds 5 Baths 4,220 sqft Built 1977

$949,900

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $225.09
  • 2 Days on Market
  • MLS # : 6156517
  • Updated Date : 11/07/2020 at 14:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,220 sqft
  • Baths : 4 full , 1 half
Listing Agent

Capstone Realty Professionals

Listing Agent's Description

Hard to find basement home in the coveted 85254 ''Magic Zipcode'' with 5 bedrooms and 4.5 bathrooms, a separate den/workout room on more than a half acre lot! This home has the space both inside and outside that are hard to find in this amazing neighborhood. Recently added extra bathroom and bedroom really add to the layout and functionality of the space. Only minutes from the Kierland Commons and the Scottsdale Quarter, this home has large bedrooms, split master bedrooms, game room, theater room, wet bar, dual fireplaces and an abundance of outdoor living space. With a built-in BBQ, swimming pool, spa and outdoor fireplace this home is ready for some entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird East

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: Thunderbird East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453597

* 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
 

$854,910$1,044,890$949,900

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$3,505
Property Tax -$711
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
-$1,154

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.

$949,900

PROJECTED PRICE

$3,270

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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

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$257,474

INVESTMENT

$257,474

Down Payment
$237,475
Rehab Estimate
$5,750
Closing Costs
$14,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,475
Loan Amount $712,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,099

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,735

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6503$4,000
$4,000
RENT COMPS ANALYSIS
  • 6542 E Ludlow Drive Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 4,220 Sqft ∙ Built 1977 5 beds 5 baths ∙ 4,220 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5746 E Gelding Drive Scottsdale, AZ 2
    • 6 beds 4 baths ∙ 4,130 Sqft ∙ Built 1990 6 beds 4 baths ∙ 4,130 Sqft ∙ Built 1990
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.88
    •  
  • 6202 E Mescal Street Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 4,477 Sqft ∙ Built 1969 5 beds 4 baths ∙ 4,477 Sqft ∙ Built 1969
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.89
    •  
PROPERTY LISTING DETAILS
Carleton Edward Drummond
Capstone Realty Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156517
Last Updated: 11/07/2020
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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