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

8050 N 72nd Place Scottsdale, AZ 85258

4 Beds 3 Baths 2,887 sqft Built 1981

$575,000

List Price

$4,280

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $199.17
  • 7 Days on Market
  • MLS # : 6173587
  • Updated Date : 12/24/2020 at 20:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,887 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Your private desert oasis located on the lush grounds of McCormick Ranch, noted as one of the most desirable neighborhoods in Scottsdale. This upscale community hosts two championship 18 hole golf courses (McCormick Ranch Gold Club Palm Course and Pine Course). There are 25 plus miles of bicycle paths, parks, public tennis courts, and can you believe 7 man-made lakes. You asked for it and we've got it! Location Location Location- Your Private Oasis lies between old town Scottsdale with all the charm of the west including art galleries, museums & restaurants, and Kierland Commons is just to the North with it's stylish outdoor shopping and dining. This Santo Tomas Villa is a 4 bedroom 3 bath plus office on a large lot with private pool. Kitchen boasts of beautiful granite counter tops,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Santo Tomas Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k480k

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

Neighborhood: Santo Tomas Scottsdale

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$3,852$4,708$4,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,280
EXPENSES Loan Payment -$2,122
Property Tax -$288
Property Insurance -$83
HOA -$65
Property Management Fees -$99
CASH FLOW
$1,624

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.

$575,000

PROJECTED PRICE

$4,280

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

16.67

YEARS SAVED

$189,162

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
  • $4,489

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,8954$5,2505$5,250
$5,250
RENT COMPS ANALYSIS
  • 8050 N 72nd Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7236 E El Caminito Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1984
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.20
    •  
  • 8330 N 82nd Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,668 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,668 Sqft ∙ Built 1979
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.46
    •  
  • 7039 E Fanfol Drive Paradise Valley, AZ 4
    • 5 beds 3 baths ∙ 3,043 Sqft ∙ Built 1983 5 beds 3 baths ∙ 3,043 Sqft ∙ Built 1983
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.73
    •  
  • 7463 E Raintree Court Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,867 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,867 Sqft ∙ Built 1978
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.83
    •  
PROPERTY LISTING DETAILS
Linda Carol Campbell
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173587
Last Updated: 12/24/2020
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