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8119 E Del Joya Drive Scottsdale, AZ 85258

4 Beds 3 Baths 3,032 sqft Built 1979

$1,049,000

List Price

$4,110

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $345.98
  • 6 Days on Market
  • MLS # : 6176802
  • Updated Date : 01/05/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,032 sqft
  • Baths : 3 full
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

In the heart of McCormick Ranch! Walk across the street to the lake! Gorgeous meticulous curb appeal w/professional landscape and RV gate. Light and bright interior with spacious floor plan -4 bedrooms, plus a den and 3 full bathrooms. Front room opens to the courtyard for entertaining guests. Very private backyard features newer sparkling diving pool, spa, fireplace, and sport court. So many extras and updates including new AC units, new hot water heater, new appliances, and new solar heater for the pool. Includes storage shed and extra parking slab for a 3rd vehicle. Walk to the greenbelt, lakes, and neighborhood restaurants! A+ schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra Feliz

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k724k

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

Neighborhood: Tierra Feliz

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453471

* 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
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,699$4,521$4,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,110
EXPENSES Loan Payment -$3,644
Property Tax -$491
Property Insurance -$86
HOA -$1
Property Management Fees -$99
CASH FLOW
-$211

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.

$1,049,000

PROJECTED PRICE

$4,110

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

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$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,644

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$45,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,110

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $3,153

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8003$3,0004$3,4995$4,110
$4,110
RENT COMPS ANALYSIS
  • 8119 E Del Joya Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $4,110
    • $1.36
    •  
  • 7525 E Gainey Ranch Road #135 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1993
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.01
    •  
  • 8538 E San Lorenzo Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 1980
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 8323 N 82nd Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 1978
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 8134 E Del Rubi Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1980
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $1.21
    •  
PROPERTY LISTING DETAILS
Tony Werstler
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176802
Last Updated: 01/05/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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