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8270 E Del Cadena Drive Scottsdale, AZ 85258

4 Beds 4 Baths 3,609 sqft Built 1984

$1,625,000

List Price

$5,350

$5.1K - $5.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $450.26
  • 3 Days on Market
  • MLS # : 6202914
  • Updated Date : 03/06/2021 at 15:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,609 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

This McCormick Ranch Gem, located in highly desirable neighborhood, features waterfront living on Lake Nina with 4 bedrooms, 3.5 baths, office, bonus room, etc. Enjoy gorgeous views of the McDowell Mountains from the roof deck and back yard. Direct access to Lake Nina via private gate with a short walk to access the Scottsdale Greenbelt and restaurants at Mercado Del Lago. Easy access to the 101. This magnificent home features a formal living and dining area that opens to the pool and covered patio. Kitchen includes Viking appliance package (refrigerator, microwave and dual ovens), newer Asko dishwasher and Miele built-in coffee machine. First floor primary suite includes fireplace and walk-in closet with attached fully renovated bath (custom cabinetry, quartz countertops, etc.).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Island at McCormick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k978k

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

Neighborhood: Island at McCormick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454361

* 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
 

$1,462,500$1,787,500$1,625,000

PURCHASE PRICE

$4,815$5,885$5,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,350
EXPENSES Loan Payment -$5,644
Property Tax -$760
Property Insurance -$98
HOA -$2
Property Management Fees -$99
CASH FLOW
-$1,252

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.

$1,625,000

PROJECTED PRICE

$5,350

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$436,375

INVESTMENT

$436,375

Down Payment
$406,250
Rehab Estimate
$5,750
Closing Costs
$24,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,644

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $406,250
Loan Amount $1,218,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$15,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,350

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $5,459

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,8003$5,0004$5,3505$7,495
$7,495
RENT COMPS ANALYSIS
  • 8270 E Del Cadena Drive Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,609 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,609 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $5,350
    • $1.48
    •  
  • 7500 E Mccormick Parkway #68 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,629 Sqft ∙ Built 1981 3 beds 3 baths ∙ 3,629 Sqft ∙ Built 1981
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.24
    •  
  • 7389 E Woodsage Lane Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,472 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,472 Sqft ∙ Built 1999
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.38
    •  
  • 7855 E Desert Cove Avenue Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.43
    •  
  • 8176 E Del Barquero Drive Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,751 Sqft ∙ Built 1981 4 beds 4 baths ∙ 3,751 Sqft ∙ Built 1981
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,495
    • $2.00
    •  
PROPERTY LISTING DETAILS
Frances Rimsza
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202914
Last Updated: 03/06/2021
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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