Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6836 E Winchcomb Drive Scottsdale, AZ 85254

4 Beds 2 Baths 3,001 sqft Built 1993

$950,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $316.56
  • 7 Days on Market
  • MLS # : 6174890
  • Updated Date : 12/29/2020 at 22:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,001 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Truly resort-style living in the Heart of Scottsdale at the desirable Kierland Area in the Desert Paradise Estate Community. Beautiful architecture with vaulted ceiling, columns, and archways. Open floor plan with grand entrance. Preferred North-South exposure featuring lush landscape and grassy play area. Split floor plan; entertainer's dream home. ALL appliances new (2020) and granite counter tops. New engineered wood flooring on all four bedrooms (2020). New crown molding installed in 2020. Front door refaced in 2020. Fully replaced both AC units brand new 2017. Wood burning fireplace; wood plantation shutters in right places. Home is in walking distance to shopping, dining and entertainment at Kierland and Scottsdale Quarter Area. Convenient access to Loop 101. No HOA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Paradise Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k705k

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

Neighborhood: Desert Paradise Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454509

* 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
Sandpiper Elementary School Primary Regular 479 28 7
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sandpiper Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 28
7
GreatSchools Rating

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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$3,505
Property Tax -$711
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
-$741

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.

$950,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$11,361

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
  • $3,954

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2953$3,5254$3,9005$5,000
$5,000
RENT COMPS ANALYSIS
  • 6836 E Winchcomb Drive Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 3,001 Sqft ∙ Built 1993 4 beds 2 baths ∙ 3,001 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6834 E Gelding Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,670 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,670 Sqft ∙ Built 1993
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.23
    •  
  • 14229 N 69th Way Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,230 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,230 Sqft ∙ Built 1994
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,525
    • $1.09
    •  
  • 14246 N 70th Place Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1994
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.21
    •  
  • 14415 N 66th Place Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1996
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.74
    •  
PROPERTY LISTING DETAILS
Ermira Dedolli
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174890
Last Updated: 12/29/2020
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.

BESbswy