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8208 E Piccadilly Road Scottsdale, AZ 85251

3 Beds 2 Baths 1,398 sqft Built 1958

$579,999

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $414.88
  • 2 Days on Market
  • MLS # : 6193983
  • Updated Date : 02/13/2021 at 19:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,398 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Located right in the heart of Old Town Scottsdale this home has been upgraded in all the right places! Enjoy the open layout with all new flooring throughout and fresh interior paint. The kitchen has quartz countertops with white cabinets and designer tile. Both bathrooms have been upgraded with new vanities, all new tile, lighting and mirrors. The roof has been redone recently and the home has a new HVAC unit. Enjoy your sparkling pool with your low maintenance turf backyard.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
Pima Elementary School Primary Regular 565 34 8
Coronado High School High Regular 1,039 61 2
Pima Elementary School Primary Unknown NA

Pima Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
8
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating

Pima Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$521,999$637,999$579,999

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$2,015
Property Tax -$271
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$369

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$579,999

PROJECTED PRICE

$2,070

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,015

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $145,000
Loan Amount $434,999
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,732

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,066

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,0704$2,1005$2,575
$2,575
RENT COMPS ANALYSIS
  • 8208 E Piccadilly Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.48
    •  
  • 3940 N Granite Reef Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1969
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.38
    •  
  • 8132 E Piccadilly Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1958
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.33
    •  
  • 4026 N 83rd Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1958
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.50
    •  
  • 8207 E Indianola Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1958
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.70
    •  
PROPERTY LISTING DETAILS
Meghan Klibanoff
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193983
Last Updated: 02/13/2021
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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