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6713 E Sheridan Street Scottsdale, AZ 85257

3 Beds 3 Baths 1,847 sqft Built 1959

$575,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $311.32
  • 4 Days on Market
  • MLS # : 6192791
  • Updated Date : 02/11/2021 at 16:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,847 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cpl Properties

Listing Agent's Description

Beautifully updated home in South Scottsdale, canal access for walking and biking. This home has a new large master suite with bathroom, standalone tub, large walk in shower and master closet. 2nd bedroom en suite bathroom. Bright and open living area. Brand new Gourmet kitchen with brand new appliances. Walk in pantry, with laundry room. Inside totally remolded.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Oak Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Oak Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9352993

* 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
Coronado High School High Regular 1,039 61 2
Coronado High School High Unknown NA

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating

Coronado High School

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

$517,500$632,500$575,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,997
Property Tax -$269
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$348

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.

$575,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.8%
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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9953$1,9954$2,0805$2,750
$2,750
RENT COMPS ANALYSIS
  • 6713 E Sheridan Street Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.13
    •  
  • 2227 N 71st Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1956
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.14
    •  
  • 6901 E Palm Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1957
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.18
    •  
  • 6449 E Oak Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 1,804 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,804 Sqft ∙ Built 1962
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
  • 6714 E Holly Street Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 1958
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.46
    •  
PROPERTY LISTING DETAILS
Sharon Hall
Cpl Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192791
Last Updated: 02/11/2021
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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