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7613 E 4th Street Scottsdale, AZ 85251

3 Beds 2 Baths 1,457 sqft Built 1955

$398,850

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $273.75
  • 6 Days on Market
  • MLS # : 6169079
  • Updated Date : 12/09/2020 at 18:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,457 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

SINCE ITS CONVERSATION FROM A DAIRY FARM TO SINGLE FAMILY HOMES IN THE 1950'S, PEACEFUL VALLEY HAS LIVED UP TO ITS NAME AND HAS BEEN A DESIRABLE NEIGHBORHOOD FOR GENERATIONS. REPORTEDLY, THERE ARE APPROX 20 ORIGINAL HOME OWNERS STILL THERE PROVING THIS POINT. HERE'S YOUR UNIQUE OPPORTUNITY TO OWN A PIECE OF SCOTTSDALE'S HISTORY. OFFERED IN AS IS CONDITION. THE LIST PRICE REFLECTS THE HOME'S CURRENT CONDITION AND THE UPSIDE POTENTIAL FOR SWEAT EQUITY AFTER YOU IMPROVE IT TO YOUR PERSONAL SPECIFICATIONS. FANTASTIC OPPORTUNITY FOR SNOW BIRDS, SPRING TRAINING FANS OR A HOME AWAY FROM HOME ON BUSINESS TRIPS TO THE VALLEY OF THE SUN. DUE TO COVID AND HEALTH AND SAFETY CONCERNS, PLEASE REVIEW MY ACCURATE PHOTOS AND TONGUE-IN-CHEEK REMARKS (FUN), THEN DRIVE BY BEFORE REQUESTING A SHOWING.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Peaceful Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Peaceful Valley

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
Pueblo Elementary School Primary Regular 492 28 9
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Pueblo Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 28
9
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
 

$358,965$438,735$398,850

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,472
Property Tax -$187
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$187

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.

$398,850

PROJECTED PRICE

$2,000

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.0%
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$0.0$5.0k$10k$15k$20k

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$111,445

INVESTMENT

$111,445

Down Payment
$99,713
Rehab Estimate
$5,750
Closing Costs
$5,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,713
Loan Amount $299,138
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$49,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,124

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$2,0004$2,1005$2,175
$2,175
RENT COMPS ANALYSIS
  • 7613 E 4th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.37
    •  
  • 7521 E Mcknight Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.37
    •  
  • 3407 N 81st Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.26
    •  
  • 7648 E Avalon Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1957
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.52
    •  
  • 3408 N 78th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1956
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.68
    •  
PROPERTY LISTING DETAILS
Gary Shapiro
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169079
Last Updated: 12/09/2020
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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