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8110 E Sheridan Street Scottsdale, AZ 85257

4 Beds 3 Baths 1,673 sqft Built 1961

$450,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $268.98
  • 4 Days on Market
  • MLS # : 6171809
  • Updated Date : 12/19/2020 at 10:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,673 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

*Great Opportunity to be in an amazing neighborhood. This original Owner Allied home is a 3bdrm/2 bath 1,673sq ft main home with a 510sq ft detached Guest House(fully permitted). Recent upgrades include; Roof, 2 new A/C Units, Dual Paned Windows, 2 Car Garage, Quiet-Lift Garage Door, & New Exterior Paint. **Must see/show!!! Vacant & on lockbox.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
Hohokam Traditional School Primary Regular 432 30 6
Coronado High School High Regular 1,039 61 2

Hohokam Traditional School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
6
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,660
Property Tax -$246
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$175

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$53,523

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
  • $2,530

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3403$2,6004$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 8110 E Sheridan Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 1,673 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,673 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2825 N 82nd Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1959
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.48
    •  
  • 8208 E Sheridan Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1959
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.44
    •  
  • 8233 E Hubbell Street Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1960
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.44
    •  
  • 2246 N 82nd Street Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1961
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.69
    •  
PROPERTY LISTING DETAILS
Fred Dougherty
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171809
Last Updated: 12/19/2020
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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