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8613 E Chaparral Road Scottsdale, AZ 85250

3 Beds 2 Baths 1,500 sqft Built 1960

$442,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $294.67
  • 2 Days on Market
  • MLS # : 6194122
  • Updated Date : 02/14/2021 at 05:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

BEAUTIFUL CURB APPEAL & MORE IN THIS AMAZING SCOTTSDALE HOME *1500 SQ. FT. OF LIVING SPACE *UNBEATABLE LOCATION CLOSE TO DOWNTOWN SCOTTSDALE *THREE BEDROOMS, TWO BATHROOMS, OPEN KITCHEN/DINING AREA, HUGE PANTRY/LAUNDRY ROOM COMBO, DEN/FAMILY ROOM, WORKSHOP, COVERED PATIO & HUGE YARD WITH SHED! *OAK KITCHEN CABINETS, UPDATED STOVE/OVEN, CAFE STYLE REFRIGERATOR, BREAKFAST BAR, SKYLIGHT, NEWER DISHWASHER *DUAL PANE WINDOWS, PLANTATION SHUTTERS *MASTER SUITE HAS TILED SHOWER, UPDATED VANITY, BARN DOOR *AIR CONDITIONER NEW APPROX 2018, ROOF NEW APPROX 2010 *NEWER WATER HEATER *PLUMBING LINES REPLACED TO COPPER *MAIN SEWER LINE REPLACED *EXTRA ATTIC INSULATION *UPDATED WATER HEATER *DRIVEWAY REPAVED RECENTLY *DRIP SYSTEM FRONT & BACK *NEWER CONCRETE DRIVEWAY *WASHER/DRYER CONVEY AS WELL AS

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Estates Fourteen

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Estates Fourteen

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
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
 

$397,800$486,200$442,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,535
Property Tax -$207
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$653

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.

$442,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.9%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$122,880

INVESTMENT

$122,880

Down Payment
$110,500
Rehab Estimate
$5,750
Closing Costs
$6,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,535

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,500
Loan Amount $331,500
See What Happens When You Reinvest Cash Flow

12.75

YEARS SAVED

$90,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $2,546

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5003$2,5504$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 8613 E Chaparral Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.70
    •  
  • 8634 E Rancho Vista Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1960
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.43
    •  
  • 8731 E Mariposa Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.79
    •  
  • 8607 E Thornwood Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1960
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.84
    •  
  • 8419 E Rancho Vista Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1960
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
PROPERTY LISTING DETAILS
Nina Cimini
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194122
Last Updated: 02/14/2021
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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