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8210 E Windsor Avenue Scottsdale, AZ 85257

3 Beds 2 Baths 1,774 sqft Built 1959

$495,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $279.03
  • 2 Days on Market
  • MLS # : 6157662
  • Updated Date : 11/07/2020 at 09:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,774 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

PRIME SCOTTSDALE LOCATION *EASY TO GET ANYWHERE IN THE VALLEY *BEAUTIFUL CURB APPEAL *REMODELED THREE BEDROOM/TWO BATHROOM HOME *TWO CAR GARAGE *SOLID CONSTRUCTION BY ALLIED *1774 SQ. FT. OF LIVING SPACE & LARGE 8031 SQ. FT. LOT SIZE *LIVING ROOM, DINING ROOM, KITCHEN, FAMILY ROOM/DEN, 3 BEDROOMS & 2 BATHS *KITCHEN FEATURES MAPLE CABINETS, GRANITE SLAB COUNTERS, PENDANT LIGHTING, STAINLESS APPLIANCES INCLUDING STAINLESS RANGE HOOD *TRANE AIR CONDITIONER APPROX 2015 *BOTH BATHROOMS REMODELED WITH NEWER TILE, BACKSPLASH, VANITIES, DOUBLE SINKS, LIGHTING *DEDICATED INSIDE LAUNDRY ROOM *COVERED PATIO PERFECT FOR ENTERTAINING *LARGE & SPACIOUS BACKYARD GRASS, FLOWERING TREES & BUSHES *VERY CLOSE TO DOWNTOWN SCOTTSDALE, TEMPE MARKETPLACE, MCDOWELL ROAD, LAKES & PARKS, NO HOA *WONDERFUL HOME!

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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
Hohokam Traditional School Primary Regular 432 30 6
Coronado High School High Regular 1,039 61 2

Hohokam Traditional School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
6
GreatSchools Rating

Coronado High School

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

$445,500$544,500$495,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,826
Property Tax -$232
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$121

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.

$495,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.47%

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$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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$51,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,333

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,3403$2,3754$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 8210 E Windsor Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.32
    •  
  • 8232 E Wilshire Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1959
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.17
    •  
  • 8212 E Wilshire Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1959
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.33
    •  
  • 2845 N 81st Way Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1959
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.32
    •  
  • 8208 E Sheridan Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1959
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.44
    •  
PROPERTY LISTING DETAILS
Nina Cimini
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157662
Last Updated: 11/07/2020
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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