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8549 E Sage Drive Scottsdale, AZ 85250

4 Beds 2 Baths 2,116 sqft Built 1963

$637,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $301.04
  • 3 Days on Market
  • MLS # : 6185205
  • Updated Date : 01/30/2021 at 18:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,116 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Pics 1/29! Location, Location, Location, Beautiful home in desired Scottsdale neighborhood. Come see it before its gone. This home is a must see with huge back yard perfect for hosting friends and family at the Ramada. Close to Shopping and Restaurants in Old Town, Chaparral Park, Talking Stick Resort, Gainey and McCormick Ranch, hiking at Camelback Mtn, and Spring Training, Salt River Fields and Scottsdale Stadium. This home has no HOA and would be perfect for a young family or even an AirBnB. Kitchen has granite countertops, breakfast bar, backsplash, new cabinet hardware and newer appliances. Upstairs bedrooms have extra storage. This home has been updated in the last few years with new toilets, vanities, light fixtures, pool fence removable for kids and pets, epoxy floors in 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
 

$573,300$700,700$637,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,213
Property Tax -$298
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$118

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.

$637,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.40%

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-$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$174,555

INVESTMENT

$174,555

Down Payment
$159,250
Rehab Estimate
$5,750
Closing Costs
$9,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,250
Loan Amount $477,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$30,525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $3,036

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,8003$2,9004$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 8549 E Sage Drive Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.21
    •  
  • 5711 N 83rd Place Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1970
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.33
    •  
  • 8536 E Sage Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1963
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.34
    •  
  • 8232 E Valley View Road Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1970
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.46
    •  
  • 8213 E Bonnie Rose Avenue Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1967
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.61
    •  
PROPERTY LISTING DETAILS
Blaine Borst
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185205
Last Updated: 01/30/2021
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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