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8532 E Montebello Avenue Scottsdale, AZ 85250

3 Beds 2 Baths 1,350 sqft Built 1962

$420,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $311.11
  • 3 Days on Market
  • MLS # : 6172914
  • Updated Date : 12/19/2020 at 10:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

3BR/2BA north/south-facing home in the highly desirable Scottsdale zip code of 85250! Enter into over 1,300 SF, introducing a spacious great room fit for entertaining. The spacious eat-in kitchen offers large peninsula and tons of storage! 2-car garage and roomy closets allow for additional storage space. Backyard features covered patio with built-in seating! The attic was re-insulated in 2018, popcorn ceilings have been removed, small RV gate and two-stage AC unit. Beautiful mature tall palm trees and a very old saguaro cactus. Only 5 minutes from Old Town Scottsdale! 2 minutes from the 101-freeway & 15 minutes from PHX Harbor Airport & ASU. This is an absolute must see!

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,550
Property Tax -$196
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$101

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.

$420,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.48%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$43,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $1,995

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9953$2,0004$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 8532 E Montebello Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.48
    •  
  • 8731 E El Nido Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1962
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.22
    •  
  • 8601 E Solano Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1962
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.45
    •  
  • 5910 N Granite Reef Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1973
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.47
    •  
  • 8632 E Valley View Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1962
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.77
    •  
PROPERTY LISTING DETAILS
Mark Captain
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172914
Last Updated: 12/19/2020
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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