Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8310 E San Salvador Drive Scottsdale, AZ 85258

2 Beds 2 Baths 1,634 sqft Built 1984

$599,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $367.14
  • 3 Days on Market
  • MLS # : 6157233
  • Updated Date : 11/07/2020 at 16:04
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Charming well cared for home in the heart of McCormick Ranch! North/South exposure, corner lot on a quiet lovely street with mature landscape. This home has great curb appeal with beautiful landscape and inviting iron front door and gate. Home offers 2bd/2ba which can be brought to a three bedroom enclosing the dining room which is in the front of home. Great room with fireplace and a bay window where one can create the new dining room if desired. Tile, stone and hardwood flooring throughout, no carpet. Kitchen has a stainless steel refrigerator, granite counters in kitchen with a french door giving access out to the back and pool. Both baths have been updated. Oversized MST BD suite with door to patio. Second BD split from MST. Garage has built in cabinets, water softner, epoxy floor

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villa Hermosa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k550k

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

Neighborhood: Villa Hermosa

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
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
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,213
Property Tax -$281
Property Insurance -$59
HOA -$2
Property Management Fees -$99
CASH FLOW
-$343

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.

$599,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$15,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,431

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,3103$2,5004$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 8310 E San Salvador Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,634 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,634 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.41
    •  
  • 8700 E Mountainview Road E #1102 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,342 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,342 Sqft ∙ Built 1988
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.49
    •  
  • 8026 E Del Platino Drive Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,693 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,693 Sqft ∙ Built 1983
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.48
    •  
  • 7740 E Gainey Ranch Road #46 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,785 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,785 Sqft ∙ Built 1989
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.51
    •  
  • 7760 E Gainey Ranch Road #24 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,868 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,868 Sqft ∙ Built 1985
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.47
    •  
PROPERTY LISTING DETAILS
Ronald Budelier
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157233
Last Updated: 11/07/2020
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.

BESbswy