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8301 E Meadowbrook Avenue Scottsdale, AZ 85251

3 Beds 2 Baths 1,958 sqft Built 1960

$725,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $370.28
  • 3 Days on Market
  • MLS # : 6190193
  • Updated Date : 02/05/2021 at 23:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,958 sqft
  • Baths : 2 full
Listing Agent

Realty Executives Relocation

Listing Agent's Description

Totally remodeled in 2018 with new sewer, plumbing, electrical and roof. LED lighting throughout. Pre-wired for Century Link High Speed Fiber Internet. Quartz counter-tops in the kitchen and MBath. All stainless steel appliances. Kitchen island with storage. Spacious Master Suite with huge walk-in closet. Private gated back yard with secure, back-entry 2-car garage and new gate as of January 2021. 220 Circuit in garage for electric car charging. Highly desirable, quiet neighborhood, with easy access to Scottsdale shopping, restaurants, and businesses. Walk or bike to Chaparral Park and Chestnut Park.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Country Acres

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Country Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Pueblo Elementary School Primary Regular 492 28 9
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Pueblo Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 28
9
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,518
Property Tax -$339
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$652

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.

$725,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,364

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,3003$2,3704$2,3805$2,595
$2,595
RENT COMPS ANALYSIS
  • 8301 E Meadowbrook Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.21
    •  
  • 8306 E Montecito Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1959
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
  • 7770 E Camelback Road #16 Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1972
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.14
    •  
  • 8341 E Mackenzie Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.24
    •  
  • 4704 N 83rd Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1959
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.44
    •  
PROPERTY LISTING DETAILS
Richard A Rector
Realty Executives Relocation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190193
Last Updated: 02/05/2021
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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