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8610 E Oak Street Scottsdale, AZ 85257

3 Beds 2 Baths 2,128 sqft Built 1960

$475,500

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $223.45
  • 3 Days on Market
  • MLS # : 6199394
  • Updated Date : 02/27/2021 at 18:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,128 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Beautiful Home, Wonderful Location! Here it is, the one you've been looking for! Tastefully updated, move in ready 3 bed, 2 bath home with a garage and POOL! ~ Way to many upgrades to list ~ New HVAC and ductwork in 2018, remodeled guest bath, newer pool filter and pump, exterior painted 2019 and the list goes on. You'll enjoy relaxing and entertaining in this light and bright home. Cooking in the spacious kitchen is a breeze with the induction cooktop. Working from home? There's plenty of space to spread out. Office nook in the family room, large living and dining areas and of course you'll want to relax next to the pool! Truly a gem, don't miss this one! Call for a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Estates Eleven

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Scottsdale Estates Eleven

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
Hohokam Traditional School Primary Regular 432 30 6
Coronado High School High Regular 1,039 61 2
Coronado High School High Unknown NA

Hohokam Traditional School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
6
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$427,950$523,050$475,500

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,652
Property Tax -$230
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$111

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.

$475,500

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,758

INVESTMENT

$131,758

Down Payment
$118,875
Rehab Estimate
$5,750
Closing Costs
$7,133

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,652

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,875
Loan Amount $356,625
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$40,578

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,554

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,2503$2,3954$2,4005$2,800
$2,800
RENT COMPS ANALYSIS
  • 8610 E Oak Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.02
    •  
  • 2220 N 82nd Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1961
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.14
    •  
  • 8419 E Virginia Avenue Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1960
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.06
    •  
  • 8209 E Sheridan Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1959
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.21
    •  
  • 2933 N 83rd Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1963
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.39
    •  
PROPERTY LISTING DETAILS
Dian Ordaz
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199394
Last Updated: 02/27/2021
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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