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8310 E Via Del Sol Drive Scottsdale, AZ 85255

3 Beds 4 Baths 3,430 sqft Built 1993

INVESTimate

$1,150,000

List Price

$4,280

$4,030 - $4,530

Rent Est.

$1,184,615  ( +3.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $335.28
  • 3 Days on Market
  • MLS # : 6121729
  • Updated Date : 08/23/2020 at 19:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,430 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Situated on almost acre lot in this highly sought after guard gated community, this special home has been lovingly cared for & updated over the years. Beautiful Brazilian hardwood floors grace this functional floor plan featuring master/office split from 2 bedrooms. The heart of the home features totally updated kitchen to include beautiful custom cabinets, stunning Brazilian granite counters, double ovens & SS appliances. Butler pantry off kitchen provides add'l storage & ease of entertaining. Kitchen is open to family rm w.vaulted ceiling & stacked stone fireplace. Sliding French doors provide access to expansive private backyard w/built-in BBQ, charming fireplace & large pool. Updated master bath features soaking tub, frameless shower & quartz counters. Excellent value for your buyer!

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
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,852$4,708$4,280

RENT

DOWN PAYMENT
FINANCING

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-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,280
EXPENSES Loan Payment -$4,243
Property Tax -$856
Property Insurance -$94
HOA -$165
Property Management Fees -$99
CASH FLOW
-$1,177

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.

$1,150,000

PROJECTED PRICE

$4,280

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$4,114

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
  • $3,953

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6503$4,0004$4,0005$4,500
$4,500
RENT COMPS ANALYSIS
  • 8310 E Via Del Sol Drive Scottsdale, 1
    • 3 beds 4 baths ∙ 3,430 Sqft ∙ Built 1993 3 beds 4 baths ∙ 3,430 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23415 N 81st Street Scottsdale, 2
    • 3 beds 3 baths ∙ 3,366 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,366 Sqft ∙ Built 1996
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.08
    •  
  • 22163 N 78th Street Scottsdale, 3
    • 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 1999
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.15
    •  
  • 7640 E Wing Shadow Road Scottsdale, 4
    • 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,489 Sqft ∙ Built 1998
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.15
    •  
  • 22218 N La Senda Drive Scottsdale, 5
    • 3 beds 4 baths ∙ 3,673 Sqft ∙ Built 1992 3 beds 4 baths ∙ 3,673 Sqft ∙ Built 1992
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.23
    •  
PROPERTY LISTING DETAILS
Debbie Duffy
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121729
Last Updated: 08/23/2020
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.

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