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8264 E Cypress Street Scottsdale, AZ 85257

4 Beds 3 Baths 1,618 sqft Built 1960

$550,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $339.93
  • 3 Days on Market
  • MLS # : 6209648
  • Updated Date : 03/19/2021 at 22:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,618 sqft
  • Baths : 3 full
Listing Agent

North & Co

Listing Agent's Description

What a beautiful corner lot home! This remodeled property offers great curb appeal and 1 car garage. Spacious open interior with wood-like tile, neutral paint, carpet in every bedroom, and ceiling fans. Sparkling new kitchen includes white cabinets w/hardware, new SS appliances, granite counters, subway tile backsplash, pendant & recessed lighting, & breakfast bar. The master bedroom boasts an en-suite and mirrored closet doors. New AC unit for the large 4th bedroom as well as an arcadia door to the backyard oasis! Beautiful large grassy backyard with kids playground paradise and large sandbox & updated RV gate and covered paver patio. New exterior paint Feb 2021! New Ring door bell included! Close to shopping, restaurants and 9 min to the airport.

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,910
Property Tax -$257
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$155

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.

$550,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$22,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $2,597

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1703$2,2004$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 8264 E Cypress Street Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.34
    •  
  • 8355 E Cypress Street Scottsdale, AZ 1
    • 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
    •  
  • 8356 E Palm Lane Scottsdale, AZ 3
    • 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
    •  
  • 8241 E Cypress Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1960
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.84
    •  
  • 2246 N 82nd Street Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1961
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.69
    •  
PROPERTY LISTING DETAILS
Joanie Dimatteo-godsey
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209648
Last Updated: 03/19/2021
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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