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8620 E Onyx Avenue Scottsdale, AZ 85258

5 Beds 4 Baths 3,842 sqft Built 1982

$1,098,000

List Price

$4,610

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $285.79
  • 4 Days on Market
  • MLS # : 6189576
  • Updated Date : 02/27/2021 at 20:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,842 sqft
  • Baths : 3 full , 1 half
Listing Agent

Crestmark Realty Group Llc

Listing Agent's Description

Welcome home to this beautiful McCormick Ranch home. First impressions are important! Entertain in uncrowded comfort in this spacious living room with vaulted ceiling and adjoining dining room. There is no telling what you will cook up in this expansive eat-in kitchen with lots of storage and counter space. Large laundry room off kitchen provides enough extra space for in-home office, hobby area, study or storage. Centrally located family room with fireplace opens to outdoor patio expanding leisure activities to outdoors. Casual poolside living can be yours to enjoy in this private backyard with large covered patio and diving pool.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Park Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k790k

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

Neighborhood: Paradise Park Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454112

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$988,200$1,207,800$1,098,000

PURCHASE PRICE

$4,149$5,071$4,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,610
EXPENSES Loan Payment -$3,814
Property Tax -$514
Property Insurance -$102
HOA -$2
Property Management Fees -$99
CASH FLOW
$80

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.

$1,098,000

PROJECTED PRICE

$4,610

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,720

INVESTMENT

$296,720

Down Payment
$274,500
Rehab Estimate
$5,750
Closing Costs
$16,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,814

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,500
Loan Amount $823,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$72,633

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
  • $4,995

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0003$4,8504$5,0005$6,000
$6,000
RENT COMPS ANALYSIS
  • 8620 E Onyx Avenue Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 3,842 Sqft ∙ Built 1982 5 beds 4 baths ∙ 3,842 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8623 E Onyx Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,842 Sqft ∙ Built 1981 4 beds 3 baths ∙ 3,842 Sqft ∙ Built 1981
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.04
    •  
  • 9943 E Island Circle Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.37
    •  
  • 10401 N 100th Street #9 Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 4,006 Sqft ∙ Built 1987 5 beds 5 baths ∙ 4,006 Sqft ∙ Built 1987
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.25
    •  
  • 8396 E Sunnyside Drive Scottsdale, AZ 5
    • 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 1993
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.54
    •  
PROPERTY LISTING DETAILS
Raegen Johnson
Crestmark Realty Group Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189576
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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