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8075 E Maria Drive Scottsdale, AZ 85255

3 Beds 2 Baths 1,854 sqft Built 1995

$650,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $350.59
  • 3 Days on Market
  • MLS # : 6212463
  • Updated Date : 03/27/2021 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,854 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Located in the desirable Scottsdale Stonebrook, this remarkable single level property features great curb appeal and lush green landscaping. Step inside to find a charming interior w/living & dining room, a cozy den, plantation shutters, ceiling fans, fireplace in family room, and so much natural light throughout. Continue into the spotless eat-in kitchen complete with stainless steel appliances, gas stove, white cabinets, granite counter-tops, and an island w/breakfast bar. Double-door master bedroom includes a private exit and lavish en-suite with a separate tub for added comfort. Incredible synthetic grass backyard with covered patio, exterior fireplace, and refreshing pool/spa is every entertainer's dream. You know you have found the one. Hurry! Call today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Stonebrook North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Stonebrook North

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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,258
Property Tax -$484
Property Insurance -$63
HOA -$5
Property Management Fees -$99
CASH FLOW
-$569

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.

$650,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3404$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 8075 E Maria Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.26
    •  
  • 17797 N 81st Way Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
  • 8086 E Rita Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.22
    •  
  • 8084 E Michelle Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.29
    •  
  • 8180 E Michelle Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.30
    •  
PROPERTY LISTING DETAILS
Michelle B Sanders
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212463
Last Updated: 03/27/2021
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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