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8260 E Arabian Trail #267 # 267 Scottsdale, AZ 85258

2 Beds 2 Baths 1,073 sqft Built 1979

INVESTimate

$249,900

List Price

$1,520

$1,368 - $1,672

Rent Est.

$266,218  ( +6.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $232.90
  • 7 Days on Market
  • MLS # : 6119819
  • Updated Date : 08/21/2020 at 17:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,073 sqft
  • Baths : 2 full
Listing Agent

Gns Realty- Az, Llc

Listing Agent's Description

Spacious 2 bed/2 bath, 2nd floor unit with north facing balcony and incredible mountain views! Tile floors in the entry, kitchen, bathrooms. Granite countertops in the kitchen and bathrooms. Step in shower in the Master bedroom and walk in closet. Blinds, ceiling fans, updated fixtures. Stainless steel refrigerator, stove, microwave stay as does the stackable washer/dryer. Storage closet on balcony. The community offers 2 heated community pools & spas for year round swimming and enjoyment. The Clubhouse, Fitness Center and BBQ's are available to you as well! Being in the heart of Scottsdale, puts you within minutes to many of the Golf Courses, Shops, Restaurants, and all services. 1 assigned covered parking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McCormick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k506k

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

Neighborhood: McCormick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453368

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$922
Property Tax -$117
Property Insurance -$48
HOA -$434
Property Management Fees -$99
CASH FLOW
-$100

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.

$249,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.53%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,234

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
  • $1,497

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3004$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 8260 E Arabian Trail #267 Scottsdale, 1
    • 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8260 E Arabian Trail #257 Scottsdale, 2
    • 2 beds 1 baths ∙ 901 Sqft ∙ Built 1979 2 beds 1 baths ∙ 901 Sqft ∙ Built 1979
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.44
    •  
  • 8250 E Arabian Trail #222 Scottsdale, 3
    • 2 beds 1 baths ∙ 901 Sqft ∙ Built 1979 2 beds 1 baths ∙ 901 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.44
    •  
  • 8250 E Arabian Trail #215 Scottsdale, 4
    • 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.30
    •  
  • 8256 E Arabian Trail #145 Scottsdale, 5
    • 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.40
    •  
PROPERTY LISTING DETAILS
Scott Graden
Gns Realty- Az, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119819
Last Updated: 08/21/2020
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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