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8542 E Los Gatos Drive Scottsdale, AZ 85255

2 Beds 3 Baths 2,659 sqft Built 1981

$975,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $366.68
  • 6 Days on Market
  • MLS # : 6182997
  • Updated Date : 01/19/2021 at 22:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,659 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

OPPORTUNITY KNOCKS! 2.5 Acres in North Scottsdale with Mountain Views AND Gated!! Great opportunity for a builders spec or home owners dream home. Plenty of space for multiple structures: main house, pool house, casita, detached home office, gym, studio, etc. This property is for an enthusiast of any kind with plenty of space for a collection such as cars, horses, boats or whatever the hobby. Price is firm and property is being sold AS-IS.

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PRICE & RENT TRENDS

Neighborhood: Los Gatos

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $122k1003k

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

Neighborhood: Los Gatos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454380

* 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
Pinnacle Peak Elementary School Primary Regular 610 31 9
Pinnacle Peak Elementary School Middle Regular 610 31 9
Pinnacle High School High Regular 2,443 96 8

Pinnacle Peak Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle Peak Elementary School

  • Education Level: Middle
  • # of students: 610
  • # of teachers: 31
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$3,387
Property Tax -$726
Property Insurance -$79
HOA -$4
Property Management Fees -$99
CASH FLOW
-$674

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.

$975,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,905

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
  • $3,975

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,995
$3,995
RENT COMPS ANALYSIS
  • 8542 E Los Gatos Drive Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,659 Sqft ∙ Built 1981 2 beds 3 baths ∙ 2,659 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8276 E Mohawk Lane Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 2,366 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,366 Sqft ∙ Built 1996
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.42
    •  
  • 19568 N 84th Street Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 2,544 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,544 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.57
    •  
PROPERTY LISTING DETAILS
Sarah M. Decaussin
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182997
Last Updated: 01/19/2021
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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