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7609 N Via Del Elemental Street Scottsdale, AZ 85258

3 Beds 2 Baths 1,650 sqft Built 1975

$675,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $409.09
  • 11 Days on Market
  • MLS # : 6150032
  • Updated Date : 10/26/2020 at 17:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,650 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Fabulous opportunity & value in this McCormick Ranch Beauty! This property was professionally renovated and was re-done from top to bottom. Three bedroom with the potential to convert an open den into a fourth bedroom . Striking hand scraped birch wood floors, neutral tile & new carpet throughout. Kitchen features Kashmir Granite Countertops and Breakfast Bar, stainless steel appliances. Luxurious master suite features furniture style vanities w/ granite counter tops, large closet, and private patio. Private backyard, block fence, small green grass feature, with rare rv gate parking area. AC unit has been updated within the past two years. Steps from the Greenbelt. Great Neighbors. Larger than tax records indicates via appraisal at 1650 square feet..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paseo Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k472k

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

Neighborhood: Paseo Vista

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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$2,490
Property Tax -$316
Property Insurance -$59
HOA -$1
Property Management Fees -$99
CASH FLOW
-$796

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.

$675,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,531

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
  • $2,170

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,3004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 7609 N Via Del Elemental Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8793 E Via Del Arbor -- Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1990
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.21
    •  
  • 7760 N Via Del Sendero -- Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1976
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.25
    •  
  • 7511 N Via De La Siesta Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1991
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.40
    •  
  • 7647 N Via Del Paraiso -- Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1977
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.40
    •  
PROPERTY LISTING DETAILS
Andrew Holm
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6150032
Last Updated: 10/26/2020
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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