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8501 E Bonita Drive Scottsdale, AZ 85250

4 Beds 2 Baths 1,760 sqft Built 1962

$675,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $383.52
  • 3 Days on Market
  • MLS # : 6187022
  • Updated Date : 01/29/2021 at 01:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

Launch Real Estate

Listing Agent's Description

REMODEL! MODERN FARMHOUSE STYLE! A+LOCATION! This GORGEOUS 4 bedroom, + bonus room, 2 bath home sits in highly sought after Park Scottsdale Community! Designer Finishes Through out! Open Concept, New Wood Like Porcelain Planks flooring, New Carpet, New interior + Exterior paint. Chef's kitchen boasts a LARGE CENTER ISLAND, Quartz Countertops, new Shaker Cabinets. Beautifully remodeled bathrooms with upgraded light fixtures and fans throughout. ABOUT $85K in upgrades! New tankless Hot water heater! Pool just Pebble-Teched and new Kool decking! New electrical panel! Please see doc tab for list of extensive upgrades! This house will go fast!

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
 

$607,500$742,500$675,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$2,345
Property Tax -$316
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$741

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.

$675,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.31%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,072

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0004$2,0805$2,085
$2,085
RENT COMPS ANALYSIS
  • 8501 E Bonita Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.18
    •  
  • 8346 E Chaparral Road Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 1969
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.13
    •  
  • 8401 E Vista Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1961
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
  • 5052 N 83rd Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1969
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 8482 E Chaparral Road Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1968
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,085
    • $1.30
    •  
PROPERTY LISTING DETAILS
Megan K Bruner
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187022
Last Updated: 01/29/2021
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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