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6936 E Canyon Wren Circle Scottsdale, AZ 85266

4 Beds 3 Baths 2,176 sqft Built 1996

$835,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $383.73
  • 4 Days on Market
  • MLS # : 6180516
  • Updated Date : 01/15/2021 at 01:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,176 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Finally the GREATROOM Home with Casita you have been waiting for. This incredibly popular VAGA model with Casita floor plan (floor plan in docs) is located right ACROSS THE STREET FROM THE TERRAVITA CLUBHOUSE,pools and amenities. This UPDATED FORMER MODEL HOME is professionally landscaped with tons of upgrades and is located on one of the most aesthetically pleasing streets in the entire community on a private lot that backs to acres of lush Natural Area. Guests are welcomed into a private courtyard by a beautiful flagstone patio, and enter the home to a bright, open great room with huge windows that frame the RESORT CALIBER OUTDOOR LIVING and backyard mountain views. HUGE great room/kitchen combo is perfect for entertaining and could even have a 3 car garage in lieu of the den/office! The

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
 

$751,500$918,500$835,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,900
Property Tax -$390
Property Insurance -$70
HOA -$339
Property Management Fees -$99
CASH FLOW
-$738

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.

$835,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.37%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$227,025

INVESTMENT

$227,025

Down Payment
$208,750
Rehab Estimate
$5,750
Closing Costs
$12,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $208,750
Loan Amount $626,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,078

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
  • $2,774

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,4954$2,6955$2,800
$2,800
RENT COMPS ANALYSIS
  • 6936 E Canyon Wren Circle Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7268 E Eclipse Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.18
    •  
  • 7337 E Russet Sky Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.21
    •  
  • 5714 E Jake Haven Cave Creek, AZ 4
    • 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2013
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.24
    •  
  • 6962 E Hibiscus Way Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1995
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.47
    •  
PROPERTY LISTING DETAILS
Scott Gaertner
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180516
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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