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8108 E Del Acero Drive Scottsdale, AZ 85258

4 Beds 3 Baths 3,402 sqft Built 1978

INVESTimate

$1,100,000

List Price

$3,820

$3,570 - $4,070

Rent Est.

$1,142,900  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $323.34
  • 8 Days on Market
  • MLS # : 6116582
  • Updated Date : 08/19/2020 at 11:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,402 sqft
  • Baths : 3 full
Listing Agent

North & Co

Listing Agent's Description

This gorgeous custom home in the heart of McCormick Ranch boasts a nearly 14,000 sqft lot! It's location is second to none providing all the best dining, retail, and entertainment Scottsdale has to offer. It's quiet cul-de-sac location with North/South exposure makes it the ideal home for all. Natural light floods this dual split master floor plan with skylights throughout. Vaulted ceilings in the entryway and great room provide a welcoming experience. The backyard is a private oasis that is perfect for entertaining guests or having large family gatherings! Priced aggressively, this home in one of the most premier neighborhoods in all of Scottsdale is beckoning for it's new homeowners to put in their own design and charm. Don't let it pass you by!!

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PRICE & RENT TRENDS

Neighborhood: Vista de la Tierra

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k736k

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

Neighborhood: Vista de la Tierra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453557

* 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,438$4,202$3,820

RENT

DOWN PAYMENT
FINANCING

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-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,820
EXPENSES Loan Payment -$4,059
Property Tax -$514
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
-$945

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.

$1,100,000

PROJECTED PRICE

$3,820

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$11,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,820

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $4,414

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8203$3,9954$4,4995$4,500
$4,500
RENT COMPS ANALYSIS
  • 8108 E Del Acero Drive Scottsdale, 2
    • 4 beds 3 baths ∙ 3,402 Sqft ∙ Built 1978 4 beds 3 baths ∙ 3,402 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $3,820
    • $1.12
    •  
  • 8328 N Via Rico -- Scottsdale, 1
    • 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 1977 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 1977
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.24
    •  
  • 8338 E Via De La Luna -- Scottsdale, 3
    • 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 1979
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.29
    •  
  • 8320 E Via De La Luna -- Scottsdale, 4
    • 3 beds 3 baths ∙ 3,166 Sqft ∙ Built 1979 3 beds 3 baths ∙ 3,166 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,499
    • $1.42
    •  
  • 7500 E Mccormick Parkway #68 Scottsdale, 5
    • 3 beds 3 baths ∙ 3,629 Sqft ∙ Built 1981 3 beds 3 baths ∙ 3,629 Sqft ∙ Built 1981
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.24
    •  
PROPERTY LISTING DETAILS
Hunter J Ditallo
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116582
Last Updated: 08/19/2020
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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