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

8219 E Minnezona Avenue Scottsdale, AZ 85251

3 Beds 2 Baths 1,719 sqft Built 1960

$589,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $342.64
  • 3 Days on Market
  • MLS # : 6150119
  • Updated Date : 11/27/2020 at 15:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,719 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Welcome home! This is a must see and will sell fast! The home was remodeled in the last few years and shows like a model. Recent updates includes wood tile floors, granite counter tops, new cherry cabinets, all new appliances and new bathrooms. The backyard is absolutely breathtaking with sparking pool and large patio for entertaining. The pool features a diving board and a water feature. You can also enjoy the Arizona sunsets from the adorable from patio space. Close to Old town and lots of great dining and entertainment!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Country Acres

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Country Acres

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
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,173
Property Tax -$275
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$32

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.

$589,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$46,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,643

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5503$2,6404$2,6955$2,850
$2,850
RENT COMPS ANALYSIS
  • 8219 E Minnezona Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.54
    •  
  • 4807 N Granite Reef Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1960
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.44
    •  
  • 8337 E Meadowbrook Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1960
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.52
    •  
  • 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 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.50
    •  
  • 8218 E Glenrosa Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1959
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.69
    •  
PROPERTY LISTING DETAILS
Shelby K Dibiase
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6150119
Last Updated: 11/27/2020
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.

BESbswy