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8247 E Roma Avenue Scottsdale, AZ 85251

4 Beds 3 Baths 2,060 sqft Built 1959

$700,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $339.81
  • 5 Days on Market
  • MLS # : 6154164
  • Updated Date : 11/04/2020 at 10:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,060 sqft
  • Baths : 3 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

The Roma House in Scottsdale Estates is presented by Kingston Renovations in Old Town Scottsdale. The open floor plan renovation boasts a rare double master including the huge master bedroom addition that was added this fall. No expense was spared in the kitchen where quartz countertops are complemented by the butcher block accented counters and white cabinets. Enjoy your brand new HVAC during the scorching summers and cool winters. The oversized 2 car garage can fit just about any vehicle. Don't miss out on this opportunity to be the newest resident to Old Town Scottsdale!

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,583
Property Tax -$327
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$776

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.

$700,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.33%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,802

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3803$2,6504$3,0005$3,350
$3,350
RENT COMPS ANALYSIS
  • 8247 E Roma Avenue Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
  • 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
    •  
  • 8337 E Fairmount Avenue Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.32
    •  
  • 4520 N 82nd Street Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 2,210 Sqft ∙ Built 1973 4 beds 4 baths ∙ 2,210 Sqft ∙ Built 1973
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.36
    •  
  • 8555 E Roma Avenue Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 1966 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 1966
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.52
    •  
PROPERTY LISTING DETAILS
Nathan Leidigh
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154164
Last Updated: 11/04/2020
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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