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8267 E Angel Spirit Drive Scottsdale, AZ 85255

3 Beds 3 Baths 2,612 sqft Built 1997

$915,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $350.31
  • 4 Days on Market
  • MLS # : 6192588
  • Updated Date : 02/12/2021 at 19:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,612 sqft
  • Baths : 2 full , 1 half
Listing Agent

Engel & Voelkers Scottsdale

Listing Agent's Description

Gorgeous remodel in the heart of the Talon community in Grayhawk. Hardwood floors in all the bedrooms and living spaces. South facing back yard with plenty of winter sun. Sparkling pool and great outside living spaces highlight this entertainers delight. Perfectly planned and crafted office great you as you enter the living spaces. Open floor plan with plenty of designing options. Charm and comfort are the best words to describe your next home.

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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

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

$823,500$1,006,500$915,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$3,178
Property Tax -$681
Property Insurance -$78
HOA -$63
Property Management Fees -$99
CASH FLOW
-$839

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.

$915,000

PROJECTED PRICE

$3,260

PROJECTED RENT

0.36%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$248,225

INVESTMENT

$248,225

Down Payment
$228,750
Rehab Estimate
$5,750
Closing Costs
$13,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,178

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $228,750
Loan Amount $686,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,448

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1953$3,2004$3,2605$3,500
$3,500
RENT COMPS ANALYSIS
  • 8267 E Angel Spirit Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $1.25
    •  
  • 20410 N 78th Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
  • 7741 E Buteo Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.31
    •  
  • 7842 E Nestling Way Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1998
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.31
    •  
  • 7804 E Phantom Way Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.43
    •  
PROPERTY LISTING DETAILS
Robert H Nathan
Engel & Voelkers Scottsdale
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192588
Last Updated: 02/12/2021
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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