Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8111 E Sheridan Street Scottsdale, AZ 85257

4 Beds 3 Baths 2,402 sqft Built 1961

$749,900

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $312.20
  • 4 Days on Market
  • MLS # : 6205620
  • Updated Date : 03/12/2021 at 17:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,402 sqft
  • Baths : 3 full
Listing Agent

Visionary Properties

Listing Agent's Description

Home Sweet Home or the PERFECT Air B&B! Located in the heart of Scottsdale you'll be just minutes from the 101, 202, Tempe Marketplace, the airport, downtown Scottsdale, and so much more. Great schools & parks close by along with restaurants too. Spacious bedrooms with Jack-and-Jill bath, neutral color paint, beautiful tile flooring through all the main living areas, and an open floor plan! Your new kitchen offers a large island with breakfast bar, wall ovens, stainless steel appliances, granite countertops and backsplash, & upgraded cabinets. You'll spend a lot of time in the back yard relaxing in the sparkling swimming pool or under the covered patio. SWIM ALL YEAR ROUND. NEW POOL HEATER INSTALLED!! Cook some steaks on your new VIKING Grill. Don't miss out on this fantastic opportunity.

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
Coronado High School High Unknown NA

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

Coronado High School

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

$674,910$824,890$749,900

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,605
Property Tax -$351
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$578

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.

$749,900

PROJECTED PRICE

$2,550

PROJECTED RENT

0.34%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$9,052

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
  • $2,978

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,6504$2,9005$3,800
$3,800
RENT COMPS ANALYSIS
  • 8111 E Sheridan Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8419 E Virginia Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1960
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.06
    •  
  • 3031 N 81st Place Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 1968
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.17
    •  
  • 8222 E Sheridan Street Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1959
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.16
    •  
  • 8315 E Holly Street E Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,416 Sqft ∙ Built 1960 5 beds 3 baths ∙ 2,416 Sqft ∙ Built 1960
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.57
    •  
PROPERTY LISTING DETAILS
Jason Rodgers
Visionary Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205620
Last Updated: 03/12/2021
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.

BESbswy