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8344 E Via De Risa -- Scottsdale, AZ 85258

4 Beds 2 Baths 1,984 sqft Built 1974

$775,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $390.63
  • 2 Days on Market
  • MLS # : 6156167
  • Updated Date : 11/07/2020 at 08:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,984 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Location, Location, Location! Close to everything you could want or need! Home features 4 bedroom with 2 baths. Upgrades and remodeling include Light & Bright OPEN concept floor plan with new kitchen cabinetry, granite counters, breakfast bar, stainless appliances, recessed lighting, new flooring in all bedrooms. Fresh Interior & exterior Paint. Master bedroom w/walk in closet & private bath w/exit to peaceful & private large back yard with mature citrus/fruit trees & room for your own vegetable/herb/Zen garden. Covered patio overlooks sparkling diving pool. Kitchen has pass through to patio counter for your convenience. Oversized laundry room with washer and dryer included, leads to attached 2 car garage. w/egress to back yard

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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,859
Property Tax -$362
Property Insurance -$66
HOA -$2
Property Management Fees -$99
CASH FLOW
-$728

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.

$775,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.34%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,200

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
  • $3,011

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$3,0004$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 8344 E Via De Risa -- Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8077 E Via Del Valle -- Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1978
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.34
    •  
  • 8534 E Via De Viva -- Scottsdale, AZ 3
    • 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
    •  
  • 8618 E Via De Encanto -- Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 1979
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.56
    •  
  • 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
Jeffrey Crane
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156167
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.

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