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8326 E Arlington Road Scottsdale, AZ 85250

4 Beds 2 Baths 2,092 sqft Built 1970

$648,500

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $309.99
  • 6 Days on Market
  • MLS # : 6171445
  • Updated Date : 12/16/2020 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,092 sqft
  • Baths : 2 full
Listing Agent

Long Realty Platinum Premier

Listing Agent's Description

Prime Scottsdale location! 4 bed 2 bath ranch home with solar heated pool, 2 car garage and 1.5 car ports. Highly desirable split floor plan with great room overlooking covered patio and pool for endless hours of relaxation. Stunning chefs kitchen with island, floor to ceiling maple cabinets, quartz countertops and stainless steel appliances. Oversized bedrooms and updated baths. Sun Run solar energy panels for cost effective living, in ''The Valley Of The Sun''! Awesome location close to Chaparral Park, Entertainment District, Spring training, Old Town, Shopping, Dining and Hywy 101. Fantastic school district. Amazing views of Camelback Mountain right outside your front door!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
 

$583,650$713,350$648,500

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,393
Property Tax -$303
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$137

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$648,500

PROJECTED PRICE

$3,000

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$177,603

INVESTMENT

$177,603

Down Payment
$162,125
Rehab Estimate
$5,750
Closing Costs
$9,728

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,393

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,125
Loan Amount $486,375
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$65,656

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
  • $3,002

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,9004$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 8326 E Arlington Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5711 N 83rd Place Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1970
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.33
    •  
  • 8536 E Sage Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1963
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.34
    •  
  • 8232 E Valley View Road Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1970
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.46
    •  
  • 8213 E Bonnie Rose Avenue Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1967
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.61
    •  
PROPERTY LISTING DETAILS
Chandra Portman
Long Realty Platinum Premier
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171445
Last Updated: 12/16/2020
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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