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8413 E Orange Blossom Lane Scottsdale, AZ 85250

3 Beds 2 Baths 1,260 sqft Built 1962

$449,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $356.35
  • 3 Days on Market
  • MLS # : 6193762
  • Updated Date : 02/12/2021 at 21:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Remodel project just waiting to be taken to the next level! Prime Scottsdale area with several homes in immediate neighborhood doing the exact same thing! Very few re-hab opportunities EVER come available anymore. Room to expand in back for larger square footage. Bring your contractor and see the possibilities. Just minutes to major shopping, city parks , golf, Downtown Scottsdale amenities, restaurants, etc.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Park Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $10002993

* 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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,560
Property Tax -$210
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
$30

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$449,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$31,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$1,9504$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 8413 E Orange Blossom Lane Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.55
    •  
  • 8206 E Orange Blossom Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1969
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.33
    •  
  • 8518 E Rancho Vista Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1960
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.50
    •  
  • 8425 E Crestwood Way Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1962
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.60
    •  
  • 8443 E Jackrabbit Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1964
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.73
    •  
PROPERTY LISTING DETAILS
James L Conner
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193762
Last Updated: 02/12/2021
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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