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8290 E Lariat Lane Scottsdale, AZ 85255

6 Beds 3 Baths 3,595 sqft Built 1996

$975,000

List Price

$4,470

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $271.21
  • 6 Days on Market
  • MLS # : 6197908
  • Updated Date : 02/26/2021 at 22:25
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,595 sqft
  • Baths : 3 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Very Nice, spacious and private. 3/4 acre lot, cul de sac, 6 bedroom 3 bathrooms 3 car garage. tri level home Master upstairs. Kitchen offers granite counter tops, All stainless steel appliances, built in refrigerator, double oven, 2 dishwashers, pot filler and more. Separate formal living room and dining room. Oversized family room with wet bar and wood burning fireplace. Outdoor backyard is fabulous, Flagstone floors, and travertine tiles around the pebble tec pool. Outdoor BBQ and fireplace, putting green all while enjoying the privacy and views of The McDowell Mountains. Please notice no common walls in backyard. House also features 20x20 tiling downstairs, wood flooring staircase and upper level, carpeting in bedrooms. 5 bedroom on upper level, 1 bedroom downstairs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistana

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Vistana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454221

* 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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$4,023$4,917$4,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,470
EXPENSES Loan Payment -$3,387
Property Tax -$726
Property Insurance -$97
HOA -$3
Property Management Fees -$99
CASH FLOW
$159

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$975,000

PROJECTED PRICE

$4,470

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

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$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$66,042

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
  • $4,961

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,400
$5,400
RENT COMPS ANALYSIS
  • 8290 E Lariat Lane Scottsdale, AZ 1
    • 6 beds 3 baths ∙ 3,595 Sqft ∙ Built 1996 6 beds 3 baths ∙ 3,595 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7967 E Camino Vivaz -- Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 3,910 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,910 Sqft ∙ Built 2002
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $1.38
    •  
PROPERTY LISTING DETAILS
Sandy Karpen
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197908
Last Updated: 02/26/2021
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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