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8511 E Cambridge Avenue Scottsdale, AZ 85257

4 Beds 2 Baths 1,776 sqft Built 1961

$459,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $258.45
  • 4 Days on Market
  • MLS # : 6154502
  • Updated Date : 10/31/2020 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,776 sqft
  • Baths : 2 full
Listing Agent

Tyler Properties

Listing Agent's Description

Meticulously maintained and remodeled 4 BR home with open floor plan plus bonus room! Roof and AC replaced in 2012. New exterior paint, landscaping and gravel. Home has 2-car garage in addition to RV/Boat parking and fenced backyard. Highly desirable location conveniently located near the 101 & 202 along with Old Town Scottsdale for restaurants and shopping. Also close by is the greenbelt for biking and walking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Estates Ten

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Scottsdale Estates Ten

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
Hohokam Traditional School Primary Regular 432 30 6
Coronado High School High Regular 1,039 61 2

Hohokam Traditional School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
6
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,694
Property Tax -$215
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$151

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.

$459,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.1%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$52,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,367

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,2204$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 8511 E Cambridge Avenue Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.25
    •  
  • 8649 E Roanoke Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1960
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
  • 8619 E Cambridge Avenue Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.28
    •  
  • 8608 E Vernon Avenue Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.37
    •  
  • 8541 E Catalina Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1961
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.48
    •  
PROPERTY LISTING DETAILS
Donald Tyler
Tyler Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154502
Last Updated: 10/31/2020
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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