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6640 E Jean Drive Scottsdale, AZ 85254

4 Beds 2 Baths 2,167 sqft Built 1974

$779,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $359.48
  • 3 Days on Market
  • MLS # : 6188275
  • Updated Date : 02/05/2021 at 13:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,167 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Completely updated Scottsdale Stunner in Raskin Estates. From the updated kitchen with white cabinets, quartz countertops and stainless steel appliances to the natural light filled open floor plan with 2 spacious separate living areas, this modern contemporary home has clean lines and neutral tones that will delight your senses. Wood porcelain floors warm up this inviting home while the high end finishes elevate the style and feel. Relax outside in your private backyard oasis while deciding whether to swim in the heated pool, soak in the spa or cozy up to the fire feature by your natural turf play yard. This home is walking distance to Kierland Commons and Scottsdale Quarter with shopping and restaurants galore. Furniture is available for purchase on a separate bill of sale.

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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

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

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,706
Property Tax -$583
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$527

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.

$779,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.38%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,706

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$9,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,936

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,7503$2,9304$2,9505$3,500
$3,500
RENT COMPS ANALYSIS
  • 6640 E Jean Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.35
    •  
  • 6935 E Hearn Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1978
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.20
    •  
  • 6928 E Friess Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 1978
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.30
    •  
  • 6802 E Ludlow Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1977
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.43
    •  
  • 6828 E Ludlow Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1978
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.49
    •  
PROPERTY LISTING DETAILS
Wendy Lynn Laven
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188275
Last Updated: 02/05/2021
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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