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8264 E Beardsley Road Scottsdale, AZ 85255

3 Beds 3 Baths 2,253 sqft Built 1997

$899,900

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $399.42
  • 41 Days on Market
  • MLS # : 6165870
  • Updated Date : 12/02/2020 at 12:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,253 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Complete high-end remodel! This home was taken down to the wood and slab, redesigned to offer a more open concept, ideal for entertaining. The abundance of natural light and the homes interior designs offer a soft contemporary style that incorporates beautiful modern finishes such as Calacatta quartz countertops, beautiful tile backsplash, modern pendant lighting, wide plank luxury wood-tile flooring with all new stainless steel appliances; including a five-burner gas cooktop, wall oven with conventional microwave, french door refrigerator, wine cooler and matching dishwasher. The brand new master bedroom suite provides a spa like feel with a luxurious frameless glass shower, premium faucets and fixtures, as well as a large walk-in closet finished by Classy Closets. The very functional ...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k549k

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

Neighborhood: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453434

* 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
Grayhawk Elementary School Primary Regular 597 32 10
Grayhawk Elementary School Middle Regular 597 32 10
Pinnacle High School High Regular 2,443 96 8

Grayhawk Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Grayhawk Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$809,910$989,890$899,900

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$3,126
Property Tax -$670
Property Insurance -$71
HOA -$91
Property Management Fees -$99
CASH FLOW
-$1,087

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.

$899,900

PROJECTED PRICE

$2,970

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,968

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9503$2,9704$2,9955$3,200
$3,200
RENT COMPS ANALYSIS
  • 8264 E Beardsley Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.32
    •  
  • 20802 N Grayhawk Drive #1047 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 20802 N Grayhawk Drive #1042 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2000
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.30
    •  
  • 20802 N Grayhawk Drive #1011 Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 2,185 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,185 Sqft ∙ Built 2001
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.37
    •  
  • 20802 N Grayhawk Drive #1067 Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.41
    •  
PROPERTY LISTING DETAILS
Michael Johnson
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165870
Last Updated: 12/02/2020
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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