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6625 N 82nd Way Scottsdale, AZ 85250

3 Beds 2 Baths 1,574 sqft Built 1967

$499,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $317.60
  • 5 Days on Market
  • MLS # : 6167985
  • Updated Date : 12/10/2020 at 12:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

OPPORTUNITY IS KNOCKING ~ Fabulous lot BACKING to the CANAL ~ 3 Bedrooms, 2 Bathrooms ~ LARGE OVERSIZED LOT ~ Located at the END of a CUL DE SAC ~ Private location within the subdivision ~ Property is sold AS IS and will need a CASH buyer ~ PRIME location walking distance to Saguaro HS and Pueblo Elementary School ~ Short bike ride to Salt River Fields, Scottsdale Greenbelt and Downtown Scottsdale ~ Great opportunity for a renovation or a new build! NOTE: DO NOT TRESPASS, home is occupied.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,844
Property Tax -$234
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$135

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$499,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$26,155

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,267

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,035
1$2,0352$2,1003$2,3504$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 6625 N 82nd Way Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.33
    •  
  • 8243 E Redwing Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1967
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,035
    • $1.47
    •  
  • 8038 E Redwing Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1984
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.40
    •  
  • 8020 E Krail Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1980
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.46
    •  
  • 6747 N 78th Place Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1981
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.43
    •  
PROPERTY LISTING DETAILS
Kristin L. Graziano
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167985
Last Updated: 12/10/2020
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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