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

6963 E Blue Sky Drive E Scottsdale, AZ 85266

4 Beds 4 Baths 4,624 sqft Built 2007

$1,700,000

List Price

$5,850

$5.6K - $6.1K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $367.65
  • 5 Days on Market
  • MLS # : 6174069
  • Updated Date : 12/25/2020 at 21:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,624 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Dare I say, BEST IN SHOW IN OFFICE in the Valley! 1.25 Acre w 3 Bedrooms, 3.5 Baths. PERFECT split floor plan. 4 car garage, pavered drive and courtyards. Gourmet pristine kitchen w island, top of the line stainless appliances, 4 ovens and HGTV butler's pantry! Unrivaled laundry room w Sub zero extra fridge. Gorgeous wood/travertine floors w perfection in the details/transitions. 3 Cantera fireplaces, wide plank wood shutters throughout. 4 car exquisite garage with the finest in upgraded storage. The sparkling heated pool and spa in the HUGE grassy side yard will make you feel as if you are living in a resort! Pool area is complete with firepit, outdoor kitchen,pool fountains. Custom Frank Lloyd Wright view fence and gates. Call lister, by appointment only

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Saguaro Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $122k1498k

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

Neighborhood: Saguaro Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000300040005000600070008000Rent in $10458579

* 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
Desert Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
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
 

$1,530,000$1,870,000$1,700,000

PURCHASE PRICE

$5,265$6,435$5,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,850
EXPENSES Loan Payment -$6,272
Property Tax -$794
Property Insurance -$117
HOA -$189
Property Management Fees -$99
CASH FLOW
-$1,621

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.

$1,700,000

PROJECTED PRICE

$5,850

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$456,250

INVESTMENT

$456,250

Down Payment
$425,000
Rehab Estimate
$5,750
Closing Costs
$25,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,272

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $425,000
Loan Amount $1,275,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$11,311

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
  • $5,379

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$5,3004$6,465
$6,465
RENT COMPS ANALYSIS
  • 6963 E Blue Sky Drive E Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 4,624 Sqft ∙ Built 2007 3 beds 4 baths ∙ 4,624 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7380 E Mark Lane Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 4,421 Sqft ∙ Built 1995 4 beds 4 baths ∙ 4,421 Sqft ∙ Built 1995
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.81
    •  
  • 6462 E Oberlin Way Scottsdale, AZ 3
    • 4 beds 5 baths ∙ 4,287 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,287 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $1.24
    •  
  • 6347 E Ironwood Drive Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2000 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2000
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,465
    • $1.44
    •  
PROPERTY LISTING DETAILS
Stephanie Mcneely
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174069
Last Updated: 12/25/2020
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