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8625 E Columbus Avenue Scottsdale, AZ 85251

4 Beds 3 Baths 2,944 sqft Built 1971

$735,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $249.66
  • 9 Days on Market
  • MLS # : 6194021
  • Updated Date : 02/20/2021 at 19:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,944 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This rare tri-level home is situated on a large cul-de-sac lot and has been lovingly maintained and cared for over the years. Beautiful hardwood floors, updated kitchen & bathrooms, tons of space with plenty of natural light. Resort-style backyard has mature trees, large pool, gas grill & a basketball court! Conveniently located in the heart of Scottsdale close to schools, parks, Old Town, and access to the 101 freeway. And no HOA! Don't miss out on this amazing home!!

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
Pima Elementary School Primary Regular 565 34 8
Coronado High School High Regular 1,039 61 2
Pima Elementary School Primary Unknown NA

Pima Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
8
GreatSchools Rating

Coronado High School

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

Pima Elementary School

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

$661,500$808,500$735,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$2,553
Property Tax -$344
Property Insurance -$85
Property Management Fees -$99
CASH FLOW
$490

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.

$735,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.49%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

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$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,553

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$97,019

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
  • $3,984

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7203$3,7504$4,100
$4,100
RENT COMPS ANALYSIS
  • 8625 E Columbus Avenue Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8247 E Devonshire Avenue Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,000 Sqft ∙ Built 1959 5 beds 3 baths ∙ 3,000 Sqft ∙ Built 1959
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,720
    • $1.24
    •  
  • 8444 E Piccadilly Road Scottsdale, AZ 3
    • 5 beds 2 baths ∙ 2,800 Sqft ∙ Built 1965 5 beds 2 baths ∙ 2,800 Sqft ∙ Built 1965
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.34
    •  
  • 4520 N 87th Street Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 2,763 Sqft ∙ Built 1962 5 beds 3 baths ∙ 2,763 Sqft ∙ Built 1962
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.48
    •  
PROPERTY LISTING DETAILS
Doug Cox
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194021
Last Updated: 02/20/2021
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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