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8531 E Sage Drive Scottsdale, AZ 85250

3 Beds 2 Baths 1,648 sqft Built 1963

$650,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $394.42
  • 4 Days on Market
  • MLS # : 6207734
  • Updated Date : 03/26/2021 at 18:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Beautifully remodeled, single-level, home features an open kitchen with stylish white-shaker custom cabinets, stainless steel appliances including a gas range, marble counters, and a kitchen island. Newer Interior plumbing! The master retreat w/walk-in closet & barn door for bathroom privacy, oversized walk-in shower w/marble tile & a large frameless glass surround. Added features: fireplace, secondary bedrooms w/walk-in closets, ceiling fans, indoor laundry closet, alarm system. Home sits on larger lot w/ premium south-facing back yard, covered patio, citrus trees, turf, and a newer modern pool w/in-floor cleaning system, automation, spacious spa, travertine pool decking and pavers. Roof gutters surround a freshly painted exterior. Direct access to home from the garage.

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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,258
Property Tax -$304
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$460

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.

$650,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0853$2,2604$2,3005$2,600
$2,600
RENT COMPS ANALYSIS
  • 8531 E Sage Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.37
    •  
  • 8426 E Chaparral Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1968
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.24
    •  
  • 8482 E Chaparral Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1968
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,085
    • $1.30
    •  
  • 8462 E Chaparral Road Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1968
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.39
    •  
  • 8556 E Plaza Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1961
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.57
    •  
PROPERTY LISTING DETAILS
Stacey Mayes
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207734
Last Updated: 03/26/2021
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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