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7753 E 4th Street Scottsdale, AZ 85251

3 Beds 2 Baths 1,430 sqft Built 1956

$464,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $325.10
  • 4 Days on Market
  • MLS # : 6189958
  • Updated Date : 02/04/2021 at 22:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,430 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

SHARP HOME * PRIME LOCATION IN PEACEFUL VALLEY SUBDIVISION * PREMIUM CORNER LOT * REMODELED FROM THE STUDS UP * RICH CABINETRY WITH CROWN MOLDING, LAZY SUSAN, PULL OUT SHELVING AND TRASH DRAWER * SANTA CECILA GRANITE COUNTERS * TILE BACKSPLASH * BREAKFAST BAR/DINING TABLE PENISULA * STAINLESS STEEL APPLIANCES * WATER FILTER * RECESSED & PENDANT LIGHTING * CHARMING BRICK FIREPLACE * REMODELD BATHS * GLASS BLOCK AND TILE SHOWER * RAISED PANEL DOORS * 3 INCH BLINDS * OIL RUBBED BRONZE HARDWARE * 5 INCH BASEBOARDS * ALARM SYSTEM READY WITH SMART PHONE CONTROL * SECURITY DOORS * ENERGY EFFICIENT UNDERGROUND A/C RETURNS * (330 SQ FT ADDITION IS NOT HEATED OR COOLED) * DUAL PANE WINDOWS * UPDATED PLUMBING AND ELECTRICAL PANEL * RV GATE * THIS ONE IS NICE * DON'T MISS IT!

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
 

$418,410$511,390$464,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,615
Property Tax -$217
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$134

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.

$464,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.46%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,949

INVESTMENT

$128,949

Down Payment
$116,225
Rehab Estimate
$5,750
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$40,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,116

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,1204$2,1755$2,195
$2,195
RENT COMPS ANALYSIS
  • 7753 E 4th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.48
    •  
  • 3407 N 81st Street Scottsdale, AZ 1
    • 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 2
    • 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 4
    • 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
    •  
  • 8128 E Columbus Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.46
    •  
PROPERTY LISTING DETAILS
W. Russell Shaw
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189958
Last Updated: 02/04/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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