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8111 N 64th Place Paradise Valley, AZ 85253

3 Beds 3 Baths 3,305 sqft Built 1972

$1,500,000

List Price

$4,580

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $453.86
  • 4 Days on Market
  • MLS # : 6175109
  • Updated Date : 12/31/2020 at 17:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,305 sqft
  • Baths : 3 full
Listing Agent

Hague Partners

Listing Agent's Description

72 hour home sale!! Stunning Spanish style 3 bedroom 4 bath Paradise Valley home on great lot, and fabulous street . Priced to sell and plans for contemporary new build are offered with purchase - this will not last - schedule your appointment now! Contact Jennifer Michaels 480-450-1626 for more information and details on plans already approved with the town of PV for a contempory build

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800kPrice in $122k1837k

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

Neighborhood: Camelback Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000Rent in $10456366

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
9
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
 

$1,350,000$1,650,000$1,500,000

PURCHASE PRICE

$4,122$5,038$4,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,580
EXPENSES Loan Payment -$5,534
Property Tax -$711
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
-$1,856

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,500,000

PROJECTED PRICE

$4,580

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$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$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $375,000
Loan Amount $1,125,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,896

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
  • $4,908

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$4,5004$4,6505$6,450
$6,450
RENT COMPS ANALYSIS
  • 8111 N 64th Place Paradise Valley, AZ 1
    • 3 beds 3 baths ∙ 3,305 Sqft ∙ Built 1972 3 beds 3 baths ∙ 3,305 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7500 E Mccormick Parkway #68 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,629 Sqft ∙ Built 1981 3 beds 3 baths ∙ 3,629 Sqft ∙ Built 1981
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.24
    •  
  • 6814 N 72nd Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1972 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1972
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.36
    •  
  • 6722 E Fanfol Drive Paradise Valley, AZ 4
    • 4 beds 3 baths ∙ 3,328 Sqft ∙ Built 1977 4 beds 3 baths ∙ 3,328 Sqft ∙ Built 1977
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $1.40
    •  
  • 6301 E Hummingbird Lane Paradise Valley, AZ 5
    • 3 beds 3 baths ∙ 3,330 Sqft ∙ Built 1983 3 beds 3 baths ∙ 3,330 Sqft ∙ Built 1983
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,450
    • $1.94
    •  
PROPERTY LISTING DETAILS
Teresa M Herriot
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175109
Last Updated: 12/31/2020
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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