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8408 E Quarterhorse Trail Scottsdale, AZ 85258

4 Beds 3 Baths 2,873 sqft Built 1979

$1,199,900

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $417.65
  • 2 Days on Market
  • MLS # : 6172527
  • Updated Date : 12/19/2020 at 19:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,873 sqft
  • Baths : 2 full , 1 half
Listing Agent

Az Flat Fee

Listing Agent's Description

Another stunning house by Kristen Nichole Design in sought after McCormick Ranch! Inside Arabian Trail Loop with Greenbelt access. Cul de sac lot. Fully REMODELED in 2020. New- Roof, HVAC, Electrical, Plumbing, Windows and Doors. 450+ SQFT Addition. Inside are soaring beamed ceilings that open to a light bright SPLIT floor plan, cozy two- way fireplace and a skylight in the family room. Lavish kitchen offers Natural Quartzite counters, SS appliances, lg center island, white shaker cabinets, and tile back-splash. The main bedroom is a true retreat with its private exit to patio and an elegant master bath with step-in shower, soaking tub, walk-in closet and dual sinks. There's a bonus room perfect to be used as entertainment room! Enjoy the private backyard with a sparkling blue pool and

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Park Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k660k

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

Neighborhood: Paradise Park Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453220

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,079,910$1,319,890$1,199,900

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$4,427
Property Tax -$561
Property Insurance -$83
HOA -$2
Property Management Fees -$99
CASH FLOW
-$1,622

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.

$1,199,900

PROJECTED PRICE

$3,550

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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-$30k-$20k-$10k$0.0$10k

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$323,724

INVESTMENT

$323,724

Down Payment
$299,975
Rehab Estimate
$5,750
Closing Costs
$17,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,975
Loan Amount $899,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$594

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
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,5004$3,9955$4,000
$4,000
RENT COMPS ANALYSIS
  • 8408 E Quarterhorse Trail Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8672 E Cheryl Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1981
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.07
    •  
  • 8507 E Welsh Trail Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
  • 8231 E Appaloosa Trail Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,824 Sqft ∙ Built 1979
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.41
    •  
  • 8528 E Clydesdale Trail Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.48
    •  
PROPERTY LISTING DETAILS
Richard Harless
Az Flat Fee
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172527
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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