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6821 E Almeria Road Scottsdale, AZ 85257

3 Beds 2 Baths 1,876 sqft Built 1958

$639,900

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $341.10
  • 4 Days on Market
  • MLS # : 6193671
  • Updated Date : 02/21/2021 at 02:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,876 sqft
  • Baths : 2 full
Listing Agent

Az-rep

Listing Agent's Description

Gorgeous Custom Remodel in Village Grove. High end finishes from top to bottom. Custom tile flooring & custom wood work throughout. New cabinets in kitchen, luxury quartz and quarzite with water fall counters, full wall backsplash, custom hood vent, stainless steel appliance package includes wine fridge. Professional duct cleaning, tiled garage floors like in million dollar homes! 6ft electric fireplace with custom shelves and cabinets, also includes custom mud room. Upgraded bathrooms. New lighting and plumbing fixtures throughout! Backyard is an oasis with pavers, astro turf, built in bbq with mini fridge, outodoor shed and RV gate. Fantastic location in Scottsdale, close to old towne and the airport. In this market, you don't want to miss out on this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Village Grove West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Village Grove West

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
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
 

$575,910$703,890$639,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,223
Property Tax -$295
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$360

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.

$639,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 10.5%
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-$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$175,324

INVESTMENT

$175,324

Down Payment
$159,975
Rehab Estimate
$5,750
Closing Costs
$9,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,975
Loan Amount $479,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,523

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,3203$2,4454$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 6821 E Almeria Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.24
    •  
  • 6901 E Palm Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1957
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.18
    •  
  • 6631 E Culver Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1959
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $1.43
    •  
  • 6843 E Culver Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1959 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1959
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
  • 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
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.46
    •  
PROPERTY LISTING DETAILS
Randy Bos
Az-rep
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193671
Last Updated: 02/21/2021
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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