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

8181 E High Point Drive Scottsdale, AZ 85266

3 Beds 4 Baths 4,086 sqft Built 1999

$1,350,000

List Price

$6,010

$5.8K - $6.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $330.40
  • 4 Days on Market
  • MLS # : 6176472
  • Updated Date : 01/10/2021 at 00:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,086 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Brand new roof with transferable warranty, two brand new A/C units with Smart thermostats, all new kitchen including cabinets, counter tops, Wolf cook top and Frigidaire refrigerator. Bathrooms have been completely updated, master bathroom walk in shower has steam unit, large soaking tub and bathrooms include new heated unit-fog mirrors, all new interior and exterior LED lighting, new pool heater and new turf. Welcome to this fabulous home backing to natural area of open space and mountain views in this quiet gated community. Hurry in, you don't want to miss it!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k915k

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

Neighborhood: Westland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455098

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$5,409$6,611$6,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,010
EXPENSES Loan Payment -$4,689
Property Tax -$630
Property Insurance -$107
HOA -$100
Property Management Fees -$99
CASH FLOW
$385

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.

$1,350,000

PROJECTED PRICE

$6,010

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k$70k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$116,038

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
  • $5,026

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$5,0004$5,250
$5,250
RENT COMPS ANALYSIS
  • 8181 E High Point Drive Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 4,086 Sqft ∙ Built 1999 3 beds 4 baths ∙ 4,086 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8476 E Montello Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.15
    •  
  • 1629 N Quartz Valley Road Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 3,940 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,940 Sqft ∙ Built 1985
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.27
    •  
  • 7882 E Balao Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 4,143 Sqft ∙ Built 1999 3 beds 3 baths ∙ 4,143 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.27
    •  
PROPERTY LISTING DETAILS
Katherine White
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176472
Last Updated: 01/10/2021
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.

BESbswy