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8001 E Del Platino Drive Scottsdale, AZ 85258

3 Beds 3 Baths 2,414 sqft Built 1982

$925,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $383.18
  • 5 Days on Market
  • MLS # : 6195481
  • Updated Date : 02/19/2021 at 17:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,414 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Dreaming of living the McCormick Ranch lifestyle? It's all right here in the wonder that is this stunning home in the heart of McCormick Ranch. From the moment you enter, this one feels like ''the one''. The industrial feel of the solid I-beams is softened by the warm tone in the wood-look tile floor. The Calcutta Gold marble island with waterfall edge commands attention as a centerpiece in the gorgeously coordinated gourmet kitchen. High-end Bosh appliances complete a picture-perfect & droolworthy kitchen. The elegance continues with a beautifully appointed guest bathrooms & bedrooms. The master bedroom is truly a sanctuary. Ceiling level windows fill the room with gorgeous natural light. The master bathroom feels more like a spa, an oasis to rejuvenate under the ceiling waterfall -contin

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Los Tesoros

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k569k

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

Neighborhood: Los Tesoros

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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$3,213
Property Tax -$433
Property Insurance -$74
HOA -$2
Property Management Fees -$99
CASH FLOW
-$860

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.

$925,000

PROJECTED PRICE

$2,960

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,434

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,960
1$2,9602$3,1953$3,2004$3,3005$3,995
$3,995
RENT COMPS ANALYSIS
  • 8001 E Del Platino Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.23
    •  
  • 8208 E Del Cuarzo Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,347 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,347 Sqft ∙ Built 1981
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.36
    •  
  • 8624 N Timberlane Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.29
    •  
  • 7627 E Turquoise Avenue Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.39
    •  
  • 8108 E Del Joya Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.65
    •  
PROPERTY LISTING DETAILS
Jentri Young
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195481
Last Updated: 02/19/2021
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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