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8304 E Sands Drive Scottsdale, AZ 85255

4 Beds 3 Baths 3,717 sqft Built 1989

$1,379,000

List Price

$5,120

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $371.00
  • 2 Days on Market
  • MLS # : 6178987
  • Updated Date : 01/10/2021 at 01:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,717 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

This is a Golf Lovers Dream Home! The exquisite 3700+ sq ft home w 4 bedroom split floor-plan sits on a 20,000+ sq ft lot on the 15th tee of the Equitable Private Golf Club. The home has the look & feel of resort living at its finest and that starts the moment that you walk through the amazing free-hinged glass front door that leads you into the spacious living and dining area that looks straight out to the golf course through the glass folding doors that transform the space by expanding the living area, maximizing the views and letting in loads of light and fresh air. The back extended covered patio is complete with fireplace, in ground jacuzzi & barbecue grilling area that all face the breathtaking golf course with mountain views...you are sure to be impressed! The home has an Automated

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Peak Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k945k

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

Neighborhood: Pinnacle Peak Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454228

* 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
Pinnacle Peak Elementary School Primary Regular 610 31 9
Pinnacle Peak Elementary School Middle Regular 610 31 9
Pinnacle High School High Regular 2,443 96 8

Pinnacle Peak Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle Peak Elementary School

  • Education Level: Middle
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle High School

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

$1,241,100$1,516,900$1,379,000

PURCHASE PRICE

$4,608$5,632$5,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,120
EXPENSES Loan Payment -$4,790
Property Tax -$1,026
Property Insurance -$100
HOA -$22
Property Management Fees -$99
CASH FLOW
-$917

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.

$1,379,000

PROJECTED PRICE

$5,120

PROJECTED RENT

0.37%

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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$371,185

INVESTMENT

$371,185

Down Payment
$344,750
Rehab Estimate
$5,750
Closing Costs
$20,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$4,790

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $344,750
Loan Amount $1,034,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$16,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,120

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $4,832

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,9803$5,0004$5,0005$5,120
$5,120
RENT COMPS ANALYSIS
  • 8304 E Sands Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,717 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,717 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $5,120
    • $1.38
    •  
  • 7758 E Fledgling Drive Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 3,759 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,759 Sqft ∙ Built 2000
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.12
    •  
  • 8322 E Feathersong Lane Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 3,727 Sqft ∙ Built 1999 4 beds 5 baths ∙ 3,727 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,980
    • $1.34
    •  
  • 8370 E Tailfeather Drive Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 3,732 Sqft ∙ Built 2002 3 beds 4 baths ∙ 3,732 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.34
    •  
  • 8633 E Clubhouse Way Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 3,572 Sqft ∙ Built 1978 3 beds 4 baths ∙ 3,572 Sqft ∙ Built 1978
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.40
    •  
PROPERTY LISTING DETAILS
Jaclyn Sakren
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178987
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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