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6700 E Maverick Road Paradise Valley, AZ 85253

6 Beds 7 Baths 5,949 sqft Built 1974

INVESTimate

$918,000

List Price

$6,580

$6,330 - $6,830

Rent Est.

$966,011  ( +5.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $154.31
  • 8 Days on Market
  • MLS # : 6119363
  • Updated Date : 08/21/2020 at 15:08
CONSTRUCTION
  • Beds : 6
  • Floor Size : 5,949 sqft
  • Baths : 6 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

New co-ownership opportunity in Paradise Valley!! Golf-course living doesn't get much better than this turnkey-ready, professionally managed home. The contemporary home has views of the greens and the McDowell Mountains from the great room and many of the home's six bedrooms. A chef's kitchen, featuring a Viking range and waterfall island, opens to a breakfast room and den. Brushed gold fittings bring flare to the kitchen and the 6.5 bathrooms. Outside, relax in the cozy lounge area near the infinity pool and grill. Upon closing, the home will be transformed by a professional interior designer with new high-end furnishings. These goods and services are included in the list price.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800kPrice in $122k1837k

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

Neighborhood: Camelback Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000Rent in $10456366

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
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
 

$826,200$1,009,800$918,000

PURCHASE PRICE

$5,922$7,238$6,580

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k$100k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,580
EXPENSES Loan Payment -$3,387
Property Tax -$621
Property Insurance -$143
HOA -$82
Property Management Fees -$99
CASH FLOW
$2,248

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$918,000

PROJECTED PRICE

$6,580

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.23%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$249,020

INVESTMENT

$249,020

Down Payment
$229,500
Rehab Estimate
$5,750
Closing Costs
$13,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $229,500
Loan Amount $688,500
See What Happens When You Reinvest Cash Flow

15.67

YEARS SAVED

$280,480

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
  • $8,963

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8,2883$9,0004$9,000
$9,000
RENT COMPS ANALYSIS
  • 6700 E Maverick Road Paradise Valley, 1
    • 6 beds 7 baths ∙ 5,949 Sqft ∙ Built 1974 6 beds 7 baths ∙ 5,949 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8302 N Canta Redondo Street Paradise Valley, 2
    • 5 beds 6 baths ∙ 5,957 Sqft ∙ Built 1989 5 beds 6 baths ∙ 5,957 Sqft ∙ Built 1989
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,288
    • $1.39
    •  
  • 8303 N 61st Place Paradise Valley, 3
    • 5 beds 7 baths ∙ 5,887 Sqft ∙ Built 1988 5 beds 7 baths ∙ 5,887 Sqft ∙ Built 1988
    LEASED 03/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $9,000
    • $1.53
    •  
  • 9827 N 57th Street Paradise Valley, 4
    • 5 beds 6 baths ∙ 5,634 Sqft ∙ Built 1978 5 beds 6 baths ∙ 5,634 Sqft ∙ Built 1978
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $9,000
    • $1.60
    •  
PROPERTY LISTING DETAILS
Jennifer Wehner
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119363
Last Updated: 08/21/2020
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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