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8101 E Morgan Trail Scottsdale, AZ 85258

3 Beds 2 Baths 1,906 sqft Built 1979

$645,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $338.41
  • 6 Days on Market
  • MLS # : 6175103
  • Updated Date : 12/28/2020 at 19:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,906 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Great Home in the heart of McCormick Ranch. Highly sought after location. Large cul de sac lot with well maintained lush landscaping, beautiful pool . Laminate wood flooring, plantation shutters, Corian countertops, upgraded light fixtures, This home will be available to view on Sat. January 2 and Sunday January 3. All offers will be reviewed on Monday January 4

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Park Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k660k

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

Neighborhood: Paradise Park Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453220

* 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
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,380
Property Tax -$302
Property Insurance -$64
HOA -$1
Property Management Fees -$99
CASH FLOW
$294

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.

$645,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$79,574

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,264

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,537
1$2,5372$2,9003$3,1404$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 8101 E Morgan Trail Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.65
    •  
  • 8180 E Shea Boulevard #1037 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,537
    • $1.43
    •  
  • 8062 E Del Tornasol Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 1988
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.39
    •  
  • 8119 E Morgan Trail Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 1979
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.96
    •  
  • 8329 E San Simon Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1979
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.07
    •  
PROPERTY LISTING DETAILS
Lucinda Watson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175103
Last Updated: 12/28/2020
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.

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