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837 N 85th Street Scottsdale, AZ 85257

3 Beds 2 Baths 1,815 sqft Built 1979

$420,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $231.40
  • 3 Days on Market
  • MLS # : 6172656
  • Updated Date : 12/18/2020 at 09:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,815 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Great neighborhood and Location! New roof and garage door. Spacious low maintenance desert landscape with sprinkler system front & back. Large storage unit in backyard & built in cabinets in garage for extra storage. Wet bar with formal dining. Family & formal living area. Ceiling fans, custom cabinets, LED lighting & skylights throughout. Located near the 101, Old Town, Scottsdale Fashion & ASU. Two refrigerator's, washer, dryer, & microwave included.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trails at Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k465k

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

Neighborhood: Trails at Scottsdale

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
Hohokam Traditional School Primary Regular 432 30 6
Coronado High School High Regular 1,039 61 2

Hohokam Traditional School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
6
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,550
Property Tax -$196
Property Insurance -$63
HOA -$2
Property Management Fees -$99
CASH FLOW
$351

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.

$420,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$71,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,273

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$1,9954$2,0955$2,260
$2,260
RENT COMPS ANALYSIS
  • 837 N 85th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.25
    •  
  • 809 N 86th Place Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1978
    property image
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.24
    •  
  • 7736 E Latham Street Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1968
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.20
    •  
  • 821 N 86th Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1978
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.34
    •  
  • 8754 E Coronado Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1961
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.23
    •  
PROPERTY LISTING DETAILS
Sandra Serna
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172656
Last Updated: 12/18/2020
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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