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8201 E Montecito Avenue Scottsdale, AZ 85251

4 Beds 3 Baths 1,936 sqft Built 1970

$525,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $271.18
  • 1 Days on Market
  • MLS # : 6185185
  • Updated Date : 01/24/2021 at 04:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,936 sqft
  • Baths : 3 full
Listing Agent

Poncher Realty Of Arizona, L.l.c.

Listing Agent's Description

Lovely move-in ready home with tons of space and well maintained. Kitchen features include SS Appliances, Granite Countertops and plenty of light. Huge master bedroom suite was added to the home and features spacious bathroom designed for wheelchair and large attached laundry room. There are 3 addtional bedrooms and one features a full ensuite bath. Large open plan layout. New windows installed about 3 years ago. Do not miss the large storage shed on concrete slab. Stunning example of a South Scottsdale home located minutes away from downtown, airport, shopping , medical and walking paths. Take the opportunity of owning this spacious home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Estates Nine

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Estates Nine

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Pueblo Elementary School Primary Regular 492 28 9
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Pueblo Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 28
9
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,824
Property Tax -$246
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$17

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.

$525,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.5%
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$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$32,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,425

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,2503$2,3804$2,5955$2,650
$2,650
RENT COMPS ANALYSIS
  • 8201 E Montecito Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.16
    •  
  • 8306 E Montecito Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1959
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
  • 8341 E Mackenzie Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.24
    •  
  • 4704 N 83rd Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1959
    property image
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.44
    •  
  • 8337 E Fairmount Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.32
    •  
PROPERTY LISTING DETAILS
Michael B Poncher
Poncher Realty Of Arizona, L.l.c.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185185
Last Updated: 01/24/2021
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.

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