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8313 E Meadowbrook Avenue Scottsdale, AZ 85251

3 Beds 2 Baths 1,711 sqft Built 1960

INVESTimate

$599,000

List Price

$2,210

$1,989 - $2,431

Rent Est.

$635,599  ( +6.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $350.09
  • 6 Days on Market
  • MLS # : 6120762
  • Updated Date : 08/24/2020 at 09:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,711 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Incredible single level property with desert landscaping and RV gate/parking with separate breaker and outlet! An enchanting courtyard entry welcomes you to home. Step inside to see a lovely foyer that leads you to the luminous great room. There's plantation shutters in the right windows! Continue into the kitchen boasting Saltillo tile flooring, custom cabinets, double ceiling fans, and high-end appliances. In the main bedroom you'll find a closet with mirrored sliding doors and a tiled en-suite bath. Let's not forget about the adorable family room and the nice den! Get ready to fall in love with the amazing backyard featuring pristine pool w/boulder waterfall, cozy fireplace, covered patio, and gorgeous ramadas. You'll want to view this home right away, so call or text today!

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

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$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$2,210
Property Tax -$280
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$440

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.

$599,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.11%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,048

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,537

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,3003$2,3004$2,4005$3,000
$3,000
RENT COMPS ANALYSIS
  • 8313 E Meadowbrook Avenue Scottsdale, 1
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.29
    •  
  • 4807 N Granite Reef Road Scottsdale, 2
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1960
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.44
    •  
  • 8462 E Chaparral Road Scottsdale, 3
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1968
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.39
    •  
  • 4971 N Granite Reef Road Scottsdale, 4
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1968
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.43
    •  
  • 8402 E Heatherbrae Avenue Scottsdale, 5
    • 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 1964
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.67
    •  
PROPERTY LISTING DETAILS
Maxwell W Patton
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120762
Last Updated: 08/24/2020
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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