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8556 E Pecos Lane Scottsdale, AZ 85250

3 Beds 2 Baths 1,590 sqft Built 1964

$550,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $345.91
  • 4 Days on Market
  • MLS # : 6202350
  • Updated Date : 03/05/2021 at 19:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

An absolute must see corner lot brick home in the highly desirable neighborhood of Park Scottsdale. The amount of pride in ownership shows in this immaculate property. This home is truly turn key & ready for you to place your own customization! With tons of upgrades throughout that include fully remodeled kitchen, updated master bathroom, wall & ceiling refinishing, new flooring throughout, transformation of Arizona room to an extended length patio & so much more! Cozy up to your wood burning fireplace while watching your favorite movie & sipping hot coco or your favorite cocktail. Invite over your friends & family for a backyard BBQ while splashing around in your sparkling clean pool! Located just minutes to Chaparral Park, Talking Stick Resort & tons of shopping and dining!

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,910
Property Tax -$257
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$45

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.

$550,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$31,158

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $2,282

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,2004$2,2805$2,600
$2,600
RENT COMPS ANALYSIS
  • 8556 E Pecos Lane Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.43
    •  
  • 8638 E Vista Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1961
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.48
    •  
  • 8522 E Montebello Avenue Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1964
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.33
    •  
  • 5820 N 86th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1962
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
  • 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
John Gluch
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202350
Last Updated: 03/05/2021
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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