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8450 E Valley View Road Scottsdale, AZ 85250

3 Beds 3 Baths 1,776 sqft Built 1962

INVESTimate

$447,000

List Price

$2,020

$1,818 - $2,222

Rent Est.

$485,397  ( +8.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $251.69
  • 5 Days on Market
  • MLS # : 6121035
  • Updated Date : 08/22/2020 at 13:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,776 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Great home with a cottage feel in the heart of Old Town Scottsdale. Home includes 3 bed, 3 baths and a den/4th bedroom. The open kitchen brings in lots of neutral light. French doors lead out to a very large covered patio, great for entertaining or enjoying a morning cup of coffee. Beautiful garden surrounds the sparkling pool. Home also offers a Guest Suite with its own entrance, kitchenette, patio and driveway; Great for friends and family or possible extra income. Close to everything, shopping, Salt River Field, etc. Walk to stunning Chaparral Park, dog park, schools and grocery. Easy access to the 101 and 12 minutes from the airport. Much has been updated in the past 10 years including the fireplace, bathrooms, newer roof in 2011, new a/c unit in 2018, kitchen ceiling raised,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Indian Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
 

$402,300$491,700$447,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

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

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$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,649
Property Tax -$209
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$1

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.

$447,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,205

INVESTMENT

$124,205

Down Payment
$111,750
Rehab Estimate
$5,750
Closing Costs
$6,705

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,750
Loan Amount $335,250
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$34,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,220

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$2,0203$2,1004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 8450 E Valley View Road Scottsdale, 2
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.14
    •  
  • 5835 N Granite Reef Road Scottsdale, 1
    • 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1964
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
  • 8522 E Montebello Avenue Scottsdale, 3
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1964
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.33
    •  
  • 5820 N 86th Street Scottsdale, 4
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1962
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
  • 5904 N Granite Reef Road Scottsdale, 5
    • 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 1975
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.28
    •  
PROPERTY LISTING DETAILS
Thomas Edward Gregory
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121035
Last Updated: 08/22/2020
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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