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8329 E Via De Encanto -- Scottsdale, AZ 85258

4 Beds 2 Baths 1,984 sqft Built 1974

$729,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $367.44
  • 5 Days on Market
  • MLS # : 6168034
  • Updated Date : 01/16/2021 at 00:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,984 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Located on a private cul-de-sac in the coveted Paseo Village, this property is a 4 bed, 2 bath, 1984 SF classic that sits on a 10,845 sf lot - one of the largest in the neighborhood. It has fantastic curb appeal with timeless red brick and tasteful landscaping. The roof is worth mentioning: it's a metal roof over 4 inches of foam designed to look like tile and has more than double the lifespan of your standard terracotta. The backyard is beautiful, spacious, and green and features mature citrus trees and a stunning pool and spa so you can soak in the palm trees. Inside you have gorgeous Saltillo tile that gives the home an authentic southwestern feel, a separate laundry room, 4 bedrooms, and recently installed Pella windows and doors. This home is bursting with potential!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paseo Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k496k

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

Neighborhood: Paseo Village

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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
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
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,532
Property Tax -$341
Property Insurance -$66
HOA -$2
Property Management Fees -$99
CASH FLOW
$251

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.

$729,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,532

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$67,358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $3,021

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,2904$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 8329 E Via De Encanto -- Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.66
    •  
  • 7025 N Via De Paesia -- Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.39
    •  
  • 8534 E Via De Viva -- Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1975
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.52
    •  
  • 7044 N Via De Paesia -- Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.53
    •  
  • 8507 E Via De Los Libros -- Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1976
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.65
    •  
PROPERTY LISTING DETAILS
Daniel Rice
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168034
Last Updated: 01/16/2021
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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