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8501 N Pisado Bueno -- Paradise Valley, AZ 85253

5 Beds 6 Baths 4,704 sqft Built 1994

INVESTimate

$1,999,000

List Price

$6,580

$6,330 - $6,830

Rent Est.

$2,095,152  ( +4.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $424.96
  • 5 Days on Market
  • MLS # : 6115872
  • Updated Date : 08/25/2020 at 14:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,704 sqft
  • Baths : 5 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Nestled on a quiet cul- de-sac with views of Camelback Golf Course in privately gated Merrill Cantatierra. Freshly painted interior & exterior, abundant natural light, plantation shutters, new lighting along with wood and stone flooring all enhance this expansive split floor plan home on the perfect golf course lot. The gourmet chef's kitchen with top of the line appliances, custom cabinetry & large center island is open to the family room where 16ft floor to ceiling glass sliders lead outdoors. The master is spacious & bright w/ a spa like bath that boasts dual vanities, her make up area, separate shower & soak tub along w/ a cozy fire place that all add to the ambiance of this spectacular master suite. The backyard is an entertainers paradise w/ plenty of covered space, heated pool

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Merrill Cantatierra

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800kPrice in $122k1828k

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

Neighborhood: Merrill Cantatierra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000550060006500Rent in $10456658

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
9
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
 

$1,799,100$2,198,900$1,999,000

PURCHASE PRICE

$5,922$7,238$6,580

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$20k$0.0$20k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,580
EXPENSES Loan Payment -$7,375
Property Tax -$948
Property Insurance -$119
HOA -$360
Property Management Fees -$99
CASH FLOW
-$2,321

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.

$1,999,000

PROJECTED PRICE

$6,580

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.81%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,485

INVESTMENT

$535,485

Down Payment
$499,750
Rehab Estimate
$5,750
Closing Costs
$29,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,375

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,750
Loan Amount $1,499,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$3,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,580

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $5,300

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$4,750
1$4,7502$5,1353$6,0004$6,580
$6,580
RENT COMPS ANALYSIS
  • 8501 N Pisado Bueno -- Paradise Valley, 4
    • 5 beds 6 baths ∙ 4,704 Sqft ∙ Built 1994 5 beds 6 baths ∙ 4,704 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $6,580
    • $1.40
    •  
  • 7702 N Las Brisas Lane Paradise Valley, 1
    • 5 beds 5 baths ∙ 4,548 Sqft ∙ Built 1974 5 beds 5 baths ∙ 4,548 Sqft ∙ Built 1974
    property image
    LEASED 03/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $1.04
    •  
  • 6127 E Horseshoe Road Paradise Valley, 2
    • 4 beds 4 baths ∙ 4,718 Sqft ∙ Built 1984 4 beds 4 baths ∙ 4,718 Sqft ∙ Built 1984
    property image
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,135
    • $1.09
    •  
  • 6524 E Stallion Road Paradise Valley, 3
    • 4 beds 4 baths ∙ 4,800 Sqft ∙ Built 1991 4 beds 4 baths ∙ 4,800 Sqft ∙ Built 1991
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Wendy R Walker
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6115872
Last Updated: 08/25/2020
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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