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8513 E San Miguel Avenue Scottsdale, AZ 85250

4 Beds 4 Baths 2,163 sqft Built 1962

$739,915

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $342.08
  • 2 Days on Market
  • MLS # : 6160562
  • Updated Date : 11/14/2020 at 12:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,163 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

Top to Bottom Remodel!! Come see this beautiful fully remodeled tri-level home in the fantastic location of Park Scottsdale. This 4 bed, 3.5 bath home has everything you'd ever want, including a master in law suite with it's own laundry! Gorgeous exposed beams highlight the vaulted ceiling in the open living area. Kitchen has new stainless appliances, large island, marble counters, and shaker cabinets. No attention to detail was left out including the spa like bathrooms, wood barn doors, new energy efficient windows, tankless water heater & much much more! Plenty of outdoor space greets you as you walk into the backyard with your private gazebo & eco friendly landscaping. 2 car garage has storage cabinets and work bench. Home includes 1 yr warranty. Don't miss out on this fabulous home!

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
 

$665,924$813,907$739,915

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,730
Property Tax -$346
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$534

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.

$739,915

PROJECTED PRICE

$2,710

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,827

INVESTMENT

$201,827

Down Payment
$184,979
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,979
Loan Amount $554,936
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$14,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,180

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,710
1$2,7102$2,7503$2,9004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 8513 E San Miguel Avenue Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 2,163 Sqft ∙ Built 1962 4 beds 4 baths ∙ 2,163 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.25
    •  
  • 8725 E Palo Verde Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1962
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.35
    •  
  • 8232 E Valley View Road Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1970
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.46
    •  
  • 8213 E Bonnie Rose Avenue Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1967
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.61
    •  
  • 8419 E Valley Vista Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1967 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1967
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
PROPERTY LISTING DETAILS
Chuck Kobasew
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160562
Last Updated: 11/14/2020
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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