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8515 E Mackenzie Drive Scottsdale, AZ 85251

3 Beds 2 Baths 1,066 sqft Built 1963

$425,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $398.69
  • 3 Days on Market
  • MLS # : 6178383
  • Updated Date : 01/08/2021 at 14:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,066 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Airbnb/Short Term Rental GOLD!!! No HOA, great neighborhood, fun backyard, fireplace, close to everything in Old Town, Nice Cabinets and Granite Counter Tops. There is no wasted space in this floor plan. There is an enclosed storage and laundry room. Fantastic covered patio and perfect outdoor fire-pit area. The covered parking spot could easily be converted to a garage. This is an ideal house for any family or renter. Furniture can be included in separate bill of sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Highlands Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Highlands Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,476
Property Tax -$199
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
$18

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$26,904

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,5954$1,8955$2,195
$2,195
RENT COMPS ANALYSIS
  • 8515 E Mackenzie Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8161 E Glenrosa Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1971
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.35
    •  
  • 8111 E Glenrosa Avenue Scottsdale, AZ 3
    • 3 beds 1 baths ∙ 994 Sqft ∙ Built 1971 3 beds 1 baths ∙ 994 Sqft ∙ Built 1971
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.60
    •  
  • 8518 E Rancho Vista Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1960
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.50
    •  
  • 8515 E Heatherbrae Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1963
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.74
    •  
PROPERTY LISTING DETAILS
Sean P Normoyle
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178383
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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