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8571 E Via De Encanto -- Scottsdale, AZ 85258

3 Beds 3 Baths 2,323 sqft Built 1979

$900,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $387.43
  • 2 Days on Market
  • MLS # : 6177469
  • Updated Date : 01/09/2021 at 14:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,323 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Resort inspired modern contemporary dream home on just over 1/4 acre lot! All furnishings included in the sale of the home! All new brick pavers welcome you to your private courtyard overlooking manicured lawn w/new landscaping + irrigation. Enter through new double entry doors and behold all new interior features including teak plank tile flooring, SOLID white + Tahoe Ash cabinets, LED canned lighting, custom crafted barn doors, new windows, and more! 12' sliding doors open to ALL NEW 70' custom built Douglas Fir patio cover, walnut travertine brick pavers, magnificent abalone shell speckled diving pool with low profile waterfall, custom privacy screens, landscaping and irrigation, low maintenance synthetic grass, storage shed, and mature orange + grapefruit trees.

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
 

$810,000$990,000$900,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$3,126
Property Tax -$421
Property Insurance -$72
HOA -$52
Property Management Fees -$99
CASH FLOW
-$880

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.

$900,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.32%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,496

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
  • $2,671

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,4954$2,7005$2,895
$2,895
RENT COMPS ANALYSIS
  • 8571 E Via De Encanto -- Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8313 E Via De Las Flores -- Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1977
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 7067 N Via De La Montana -- Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1979
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.07
    •  
  • 7805 N Via De La Montana -- Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1977
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.25
    •  
  • 7043 N Via De Los Ninos -- N Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1979
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.24
    •  
PROPERTY LISTING DETAILS
Carli Hill
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177469
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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