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8523 E Windsor Avenue Scottsdale, AZ 85257

3 Beds 2 Baths 1,745 sqft Built 1960

$525,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $300.86
  • 3 Days on Market
  • MLS # : 6193725
  • Updated Date : 02/13/2021 at 21:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,745 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Turn-key & ready to go! NEW AC (2019) New Carpet (2020) Newer Windows, Doors, Fans, Water Heater & Roof all in 2014. Gorgeous updated kitchen with quartz countertops & Island/bar. LOTS of storage throughout, Built-In Bookcase, Indoor Laundry & permitted addition with outdoor access that can be used as a guest quarters MIL suite/den OR make it a game room/lounge. (See floorplan in doc tab) HUGE back yard with plenty of space to add pool, covered patio, 8x10 Tuff Shed & RV GATE. Convenient location on a very quiet street with easy access to 101 or just hop on bikes to Old Town Scottsdale, Spring training, Fashion Square, Civic Center Library, Parks, many Restaurants & MORE!!!

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
Coronado High School High Unknown NA

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

Coronado High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,824
Property Tax -$246
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$1

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.

$525,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.42%

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

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$33,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,221

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,0003$2,2304$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 8523 E Windsor Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.28
    •  
  • 8232 E Wilshire Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1959
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.17
    •  
  • 8649 E Roanoke Avenue Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1960
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
  • 8638 E Virginia Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1960
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.24
    •  
  • 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
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.48
    •  
PROPERTY LISTING DETAILS
Summer Mckeever
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193725
Last Updated: 02/13/2021
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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