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6839 E Amber Sun Drive Scottsdale, AZ 85266

3 Beds 3 Baths 2,425 sqft Built 1996

$832,000

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $343.09
  • 3 Days on Market
  • MLS # : 6184383
  • Updated Date : 01/23/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,425 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Beautifully updated home located within walking distance to all Terravita has to offer! Golf, tennis, pool, spa, and a remodeled clubhouse at your fingertips! The Luna model features 3 bedrooms, 2.5 baths, and open-concept living. Kitchen boasts quartz countertops, espresso cabinets, and herringbone tile backsplash. Stainless steel appliances, gas stove top and insta-view refrigerator make cooking a breeze. Dine in the formal dining room or at the breakfast bar. Owner suite has custom cabinetry and private exit to backyard. Double-sided fireplace separates formal living room from family room. Enjoy the backyard from the screened-in patio or the elevated seating area with built-in BBQ. Dog lover? Side yard features a dog run to protect your pup! 2.5 car garage with built in cabinets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k579k

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

Neighborhood: Terravita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453383

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$748,800$915,200$832,000

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$2,890
Property Tax -$388
Property Insurance -$74
HOA -$581
Property Management Fees -$99
CASH FLOW
-$153

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.

$832,000

PROJECTED PRICE

$3,880

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$25k$30k

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$226,230

INVESTMENT

$226,230

Down Payment
$208,000
Rehab Estimate
$5,750
Closing Costs
$12,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,890

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $208,000
Loan Amount $624,000
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$30,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,880

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,759

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,880
$3,880
RENT COMPS ANALYSIS
  • 6839 E Amber Sun Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,425 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $1.60
    •  
  • 6097 E Brilliant Sky Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.55
    •  
PROPERTY LISTING DETAILS
Hannah Warde
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184383
Last Updated: 01/23/2021
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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