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

6916 E Windsor Avenue Scottsdale, AZ 85257

2 Beds 2 Baths 1,458 sqft Built 1957

$405,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $277.78
  • 3 Days on Market
  • MLS # : 6167634
  • Updated Date : 12/04/2020 at 09:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

What a Location! Close to Old Town and downtown Scottsdale. Entertainer's dream! Very well cared for and upgraded home with true pride of ownership. Recent upgrades include kitchen remodel with granite, cabinets, and gas range and dual oven, newer flooring throughout, updated baths with newer vanities and shower enclosures, newer A/C, newer water heater, and more. Two bedrooms have been consolidated into one large owners suite, used to be a three bedroom home. Great landscaping with mature trees and grassy backyard, backyard is built to entertain with gas fireplace, extra seating, built in BBQ, large covered patio, paverstones in all the right places.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Inmar Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k465k

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

Neighborhood: Inmar Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10442993

* 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
Tonalea K-8 School Primary Regular 341 26 3
Tonalea K-8 School Middle Regular 341 26 3
Coronado High School High Regular 1,039 61 2

Tonalea K-8 School

  • Education Level: Primary
  • # of students: 341
  • # of teachers: 26
3
GreatSchools Rating

Tonalea K-8 School

  • Education Level: Middle
  • # of students: 341
  • # of teachers: 26
3
GreatSchools Rating

Coronado High School

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

$364,500$445,500$405,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,494
Property Tax -$189
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$198

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.

$405,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$13,014

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
  • $1,746

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4994$1,5505$2,000
$2,000
RENT COMPS ANALYSIS
  • 6916 E Windsor Avenue Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,458 Sqft ∙ Built 1957 2 beds 2 baths ∙ 1,458 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6853 E Osborn Road #f Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,424 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,424 Sqft ∙ Built 1965
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 6738 E Osborn Road #a Scottsdale, AZ 3
    • 2 beds 1 baths ∙ 1,300 Sqft ∙ Built 1958 2 beds 1 baths ∙ 1,300 Sqft ∙ Built 1958
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.15
    •  
  • 6957 E Osborn Road #c Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1965
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.38
    •  
  • 6930 E 3rd Street Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,618 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,618 Sqft ∙ Built 1962
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.24
    •  
PROPERTY LISTING DETAILS
Jason Vaught
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167634
Last Updated: 12/04/2020
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