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8372 E Solano Drive Scottsdale, AZ 85250

3 Beds 3 Baths 1,714 sqft Built 1975

$359,500

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $209.74
  • 2 Days on Market
  • MLS # : 6173153
  • Updated Date : 12/19/2020 at 10:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,714 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

BEAUTIFUL & SPACIOUS SCOTTSDALE TOWNHOME *LIVES LIKE A SINGLE FAMILY HOME *OVER 1700 SQ. FT. *3 BEDROOMS & 2.5 BATHS *3 PARKING SPOTS! *QUIET, INTERIOR LOCATION *PET FRIENDLY COMPLEX *GORGEOUS PATIO WITH FRENCH DOORS *SPACIOUS LIVING RM WITH LARGE PICTURE WINDOW, DINING SPACE, EAT-IN KITCHEN, PANTRY, LAUNDRY ROOM & CONVENIENT 1/2 BATH ON 1ST LEVEL *DUAL PANE WINDOWS *AIR CONDITIONER APPROXIMATELY 2013 *KITCHEN FEATURES MAPLE CABINETS, STAINLESS STEEL APPLIANCES, BREAKFAST BAR *''HOUSE BEAUTIFUL'' MASTER BEDROOM SUITE HAS LIGHT FLOORING, MAKE-UP/COMPUTER NOOK, REGLAZED SHOWER, NEWER VANITY & NEW LIGHTING *TWO LARGE ADDITIONAL BEDROOMS *REMODELED UPSTAIRS HALL BATHS HAS NEW VANITY WITH DOUBLE SINKS, NEW MIRRORS, LIGHTING & JUST COMPLETED REGLAZED TUB/SHOWER *UPDATED LIGHTING, NEWER PAINT,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chateau de Vie North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Chateau de Vie North

ZipNIR 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
 

$323,550$395,450$359,500

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,326
Property Tax -$168
Property Insurance -$61
HOA -$264
Property Management Fees -$99
CASH FLOW
$502

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.

$359,500

PROJECTED PRICE

$2,420

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,018

INVESTMENT

$101,018

Down Payment
$89,875
Rehab Estimate
$5,750
Closing Costs
$5,393

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,326

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,875
Loan Amount $269,625
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$78,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,417

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,4204$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 8372 E Solano Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.41
    •  
  • 8522 E Montebello Avenue Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1964
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.33
    •  
  • 5904 N Granite Reef Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 1975
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.28
    •  
  • 8226 E Mcdonald Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1970
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.58
    •  
  • 8207 E Montebello Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1970
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.45
    •  
PROPERTY LISTING DETAILS
Nina Cimini
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173153
Last Updated: 12/19/2020
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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