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8100 E Camelback Road #143 Scottsdale, AZ 85251

2 Beds 3 Baths 2,471 sqft Built 1988

$674,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $273.13
  • 3 Days on Market
  • MLS # : 6193233
  • Updated Date : 02/13/2021 at 14:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,471 sqft
  • Baths : 2 full , 1 half
Listing Agent

Launch Real Estate

Listing Agent's Description

Welcome home to Cameldale Estates, a private gated community located just off the greenbelt and a few blocks away from Old Town; home to the most prestigious shopping, dining, parks, trails and entertainment Scottsdale has to offer. This recently renovated, lock and leave home has over 2,400 SF of living space with 2 beds and 2.5 baths and a 2-car garage. The lower-level features tile flooring throughout, a beautiful kitchen with white shaker style cabinets, granite countertops, glass subway tile and stainless appliances. The exposed beams and stack stone fireplace make the living room a great place to relax after a long day. At the top of the stairs is a loft area, ideal for a work or flex space with its own private balcony. The spacious master suite has gorgeous views of Camelback

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cameldale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k522k

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

Neighborhood: Cameldale

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
 

$607,410$742,390$674,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,344
Property Tax -$316
Property Insurance -$75
HOA -$269
Property Management Fees -$99
CASH FLOW
-$703

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.

$674,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.1%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$184,599

INVESTMENT

$184,599

Down Payment
$168,725
Rehab Estimate
$5,750
Closing Costs
$10,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,344

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,725
Loan Amount $506,175
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,258

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,928

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4953$2,5004$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 8100 E Camelback Road #143 Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,471 Sqft ∙ Built 1988 2 beds 3 baths ∙ 2,471 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 8637 E Monterosa Avenue Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969 2 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.17
    •  
  • 8100 E Camelback Road #22 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 2,199 Sqft ∙ Built 1988 2 beds 2 baths ∙ 2,199 Sqft ∙ Built 1988
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
  • 7970 E Camelback Road #407 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 2,130 Sqft ∙ Built 1979 2 beds 2 baths ∙ 2,130 Sqft ∙ Built 1979
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.27
    •  
  • 7770 E Camelback Road #4 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 2,377 Sqft ∙ Built 1969 2 beds 2 baths ∙ 2,377 Sqft ∙ Built 1969
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.16
    •  
PROPERTY LISTING DETAILS
Chris J. Purull
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193233
Last Updated: 02/13/2021
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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