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8254 E Hubbell Street Scottsdale, AZ 85257

3 Beds 2 Baths 1,373 sqft Built 1960

$450,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $327.75
  • 3 Days on Market
  • MLS # : 6202670
  • Updated Date : 03/05/2021 at 16:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,373 sqft
  • Baths : 2 full
Listing Agent

Goddes Homes

Listing Agent's Description

Charming & beautifully updated single level home situated on a large corner lot in the highly desired Cox Heights neighborhood of South Scottsdale, just minutes away from Old Town Scottsdale and Tempe Marketplace. This 3 bed/2 bath home offers a popular open floor plan, new exterior paint, new landscaping, circular drive, inviting front courtyard & much more. The expansive great room is centered around the open concept kitchen and features upgraded wood floors, a formal dining area, spacious family room, and french doors that offer great natural light. The kitchen boasts stainless appliances, beautiful granite counters, convenient breakfast bar, and plenty of cabinet storage. The large master bedroom offers an updated ensuite bathroom with glass walk-in shower, granite vanity & modern

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cox Heights

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Cox Heights

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
Coronado High School High Unknown NA

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

Coronado High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,563
Property Tax -$210
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$54

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.

$450,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$33,538

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
  • $1,991

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8393$2,0004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 8254 E Hubbell Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8252 E Monte Vista Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1960
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,839
    • $1.45
    •  
  • 8355 E Cypress Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1960
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.40
    •  
  • 8317 E Granada Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1960
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.46
    •  
  • 8356 E Palm Lane Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,478 Sqft ∙ Built 1959
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.49
    •  
PROPERTY LISTING DETAILS
Brad A Goddes
Goddes Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202670
Last Updated: 03/05/2021
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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