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8245 E Bell Road #240 Scottsdale, AZ 85260

3 Beds 2 Baths 1,819 sqft Built 1998

$425,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $233.64
  • 5 Days on Market
  • MLS # : 6166747
  • Updated Date : 12/03/2020 at 15:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,819 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Location Location!! This spacious town home is located in the highly desirable 85260 in the Montana Del Sol gated community,. Features include a spacious kitchen with stainless steel appliances, breakfast bar and eat in kitchen. Soaring ceilings throughout with large living room w/built in's, and a fireplace, Huge master bedroom, large master bath w/ double sinks and 2 closets, 2 additional bedrooms w/ ceiling fans and an abundance of closet space. Private covered patio with park and mountain views and a 2 car garage with indoor access. Community pool and spa, close to golf, parks, restaurants and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montana del Sol North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Montana del Sol North

ZipNIR 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
Sonoran Sky Elementary School Primary Regular 715 37 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sonoran Sky Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 37
9
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,568
Property Tax -$316
Property Insurance -$63
HOA -$270
Property Management Fees -$99
CASH FLOW
-$216

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.

$425,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,360

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,3004$2,3005$3,000
$3,000
RENT COMPS ANALYSIS
  • 8245 E Bell Road #240 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8245 E Bell Road #209 Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1998
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.13
    •  
  • 17797 N 81st Way Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1995
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.24
    •  
  • 8086 E Rita Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.22
    •  
  • 8089 E Rita Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.60
    •  
PROPERTY LISTING DETAILS
Jennifer Hoyle
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166747
Last Updated: 12/03/2020
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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