Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8538 E Via De Encanto -- Scottsdale, AZ 85258

3 Beds 2 Baths 2,060 sqft Built 1979

$580,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $281.55
  • 2 Days on Market
  • MLS # : 6187909
  • Updated Date : 01/31/2021 at 04:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,060 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Amazing opportunity in the Scottsdale Sands community. Great family home next to the Zuni Park with walkways throughout the neighborhood. This nice sized lot is nestled in the corner with a extended driveway. This three bedroom, two bath home has a family room with fireplace, living room with formal dining area and a generous sized kitchen and inside laundry near the garage entrance for convenience. This home is in need of updating to bring it up to it's amazing potential in this coveted Scottsdale neighborhood, near the 101. Don't miss it!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sands Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k490k

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

Neighborhood: Sands Scottsdale

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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
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
 

$522,000$638,000$580,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,015
Property Tax -$288
Property Insurance -$67
HOA -$53
Property Management Fees -$99
CASH FLOW
$338

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.

$580,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,015

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$66,470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,879

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,7003$2,8604$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 8538 E Via De Encanto -- Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.39
    •  
  • 8738 E Via De Dorado -- Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 1977
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.30
    •  
  • 7801 N Via De La Luna -- Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1992
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.38
    •  
  • 7025 N Via De Paesia -- Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1975
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.39
    •  
  • 8534 E Via De Viva -- Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1975
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.52
    •  
PROPERTY LISTING DETAILS
Lisa M Hahn
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187909
Last Updated: 01/31/2021
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.

BESbswy