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8205 E Devonshire Avenue Scottsdale, AZ 85251

4 Beds 3 Baths 1,776 sqft Built 1959

$499,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $281.48
  • 3 Days on Market
  • MLS # : 6157285
  • Updated Date : 11/06/2020 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,776 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Well cared for corner lot home with No HOA! Neutral paint, plantation shutters throughout, no carpet, 4 spacious bedrooms, 3 baths, and tile flooring in main areas for easy care. Open kitchen offers walk-in pantry, island w/breakfast bar, stainless steel appliances, beautiful cabinets, tile back-splash, and granite counters. BRAND NEW HVAC and water heater....both with warranties that transfer. Washer/Dryer also convey. Serene backyard comes with green grass area, covered patio, and large paved area. Location can't be beat - close to freeway, shopping, dining. Property made a great single family home, Airbnb, and long-term rental! *Owner/Agent*

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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,844
Property Tax -$234
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$71

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.

$499,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.46%

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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$43,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,526

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,3104$2,4955$3,000
$3,000
RENT COMPS ANALYSIS
  • 8205 E Devonshire Avenue Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.30
    •  
  • 8137 E Amelia Avenue Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1958
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.26
    •  
  • 8315 E Devonshire Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1959
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
  • 8214 E Indianola Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 1,674 Sqft ∙ Built 1958 4 beds 3 baths ∙ 1,674 Sqft ∙ Built 1958
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.49
    •  
  • 8119 E Indianola Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1957 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1957
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.62
    •  
PROPERTY LISTING DETAILS
Kendall Stib
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157285
Last Updated: 11/06/2020
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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