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8378 E Arroyo Hondo Road Scottsdale, AZ 85266

5 Beds 5 Baths 4,471 sqft Built 2002

$1,325,000

List Price

$4,560

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $296.35
  • 2 Days on Market
  • MLS # : 6202664
  • Updated Date : 03/07/2021 at 02:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,471 sqft
  • Baths : 4 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Enjoy year round living offering amazing mountain views, wildlife, saguaros, and peace and serenity in the lush Sonoran desert. Soaring ceilings and a great room welcome you to this stunning home on 1.3 acres with a split master floor plan. Enjoy a gourmet kitchen, knotty alder cabinets, hardwood floors, plantation shutters and an attached casita. Home upgrades include a new roof, new HVAC, new tankless water heater and remodeled master bathroom. The exquisite backyard paradise includes a sparkling pool with boulder waterfall, large synthetic lawn, built-in BBQ and bar and fire pit. Enjoy spectacular saguaros, pristine desert and mountain views from both your front and rear patios! You will be minutes from the town of Cave Creek, shopping, restaurants, schools, golf and more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sand Flower

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k899k

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

Neighborhood: Sand Flower

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454821

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,192,500$1,457,500$1,325,000

PURCHASE PRICE

$4,104$5,016$4,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,560
EXPENSES Loan Payment -$4,602
Property Tax -$619
Property Insurance -$114
HOA -$50
Property Management Fees -$99
CASH FLOW
-$924

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.

$1,325,000

PROJECTED PRICE

$4,560

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$356,875

INVESTMENT

$356,875

Down Payment
$331,250
Rehab Estimate
$5,750
Closing Costs
$19,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$4,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $331,250
Loan Amount $993,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$16,597

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
  • $3,756

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 8378 E Arroyo Hondo Road Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 4,471 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,471 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 37135 N 97th Way Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,150 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,150 Sqft ∙ Built 2007
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Kristen Donovan
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202664
Last Updated: 03/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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