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6902 E Beverly Lane Scottsdale, AZ 85254

3 Beds 2 Baths 1,229 sqft Built 1986

$475,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $386.49
  • 2 Days on Market
  • MLS # : 6164324
  • Updated Date : 11/28/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,229 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Walking distance to Kierland and Scottsdale Quarter! This beautiful, 3 bedroom, 2 bath home has been recently remodeled and includes an open kitchen, granite countertops, stainless steel appliances and a walk in pantry. You'll find rich, wood laminate flooring with carpet in the bedrooms, a wood burning fireplace, inside laundry and lush, grass backyard. This will sell FAST!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Valley Village

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
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,753
Property Tax -$355
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$308

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.

$475,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $1,945

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,1004$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 6902 E Beverly Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.59
    •  
  • 6815 E Kings Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1984
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.47
    •  
  • 6810 E Kings Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1984
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.55
    •  
  • 6829 E Aire Libre Lane Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1985
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.58
    •  
  • 6884 E Kings Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.73
    •  
PROPERTY LISTING DETAILS
Walter Tharp
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164324
Last Updated: 11/28/2020
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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