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8238 E Mackenzie Drive Scottsdale, AZ 85251

3 Beds 2 Baths 1,777 sqft Built 1959

$600,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $337.65
  • 2 Days on Market
  • MLS # : 6187929
  • Updated Date : 01/30/2021 at 21:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,777 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Fantastic Hallcraft home in one of the best locations in South-Central Scottsdale. Immaculate home is move in ready with brand new HVAC system, New Dual Pane windows, newer water heater, updated (not original) cabinets & bathrooms, Family room with fireplace and laundry room additions. Or take this opportunity to do a brand new complete remodel and turn this space into your dream home. Lots of original charm! Short distance to Fashion Square, Old Town, parks and spring training facilities. Laundry room has been incorporated into home as livable square footage. Please note interior room dimensions on Assessor measurement public document attached. Lots of storage, and 2 car carport is easily converted to an attached garage. Hurry! This amazing home will not last.

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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,084
Property Tax -$281
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$5

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.

$600,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$36,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,550

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3803$2,4954$2,5305$2,850
$2,850
RENT COMPS ANALYSIS
  • 8238 E Mackenzie Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.42
    •  
  • 8315 E Devonshire Avenue Scottsdale, AZ 1
    • 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
    •  
  • 8341 E Mackenzie Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.24
    •  
  • 8214 E Indianola Avenue Scottsdale, AZ 3
    • 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
    •  
  • 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
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.69
    •  
PROPERTY LISTING DETAILS
Karl Isenburg
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187929
Last Updated: 01/30/2021
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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