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8402 E La Junta Road Scottsdale, AZ 85255

3 Beds 3 Baths 2,583 sqft Built 1997

$649,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $251.26
  • 2 Days on Market
  • MLS # : 6165628
  • Updated Date : 11/28/2020 at 18:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,583 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Beautiful Custom Built Desert Contemporary home situated on a prime .8 acre homesite offers privacy and mountain views. Plenty of room to expand your living space plus add a guest house and pool. Incredible Value! Exceptional craftsmanship and attention to detail. Open great room floor plan flows seamlessly for indoor/outdoor living with sliding glass doors opening to the amazing backyard oasis featuring a huge 40' X 14'6'' covered patio, stone bridge, lush grassy area, ceiling fans and built-in BBQ. Spacious great room with custom ceiling details and crown molding plus a gas fireplace with a wood burning option. Custom leaded glass at front entry. Chef's features a large eat-in breakfast area, island, gas cooktop, refrigerator and pantry. The Master suite opens to the backyard

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Peak Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k863k

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

Neighborhood: Pinnacle Peak Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453942

* 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
Pinnacle Peak Elementary School Primary Regular 610 31 9
Pinnacle Peak Elementary School Middle Regular 610 31 9
Pinnacle High School High Regular 2,443 96 8

Pinnacle Peak Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle Peak Elementary School

  • Education Level: Middle
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,395
Property Tax -$484
Property Insurance -$78
HOA -$1
Property Management Fees -$99
CASH FLOW
$84

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$649,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$50,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $3,364

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,1403$3,1954$3,2955$3,450
$3,450
RENT COMPS ANALYSIS
  • 8402 E La Junta Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,583 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,583 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.22
    •  
  • 24757 N 75th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 1997
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.22
    •  
  • 7529 E Desert Vista Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 1998
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.42
    •  
  • 7547 E De La O Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1997
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.20
    •  
  • 24553 N 75th Way Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1997
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.37
    •  
PROPERTY LISTING DETAILS
Rose M Dennison
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165628
Last Updated: 11/28/2020
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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