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8632 E Osborn Road Scottsdale, AZ 85251

4 Beds 2 Baths 1,977 sqft Built 1970

$600,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $303.49
  • 7 Days on Market
  • MLS # : 6173898
  • Updated Date : 01/06/2021 at 15:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,977 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

*Short term rental Investors* You can find this gorgeous home located in the heart of South Scottsdale, in the popular zip-code of 85251. Single level, 4 bedroom 2 bath home with a beautiful open floor plan, fresh interior paint, spacious kitchen with stainless steal appliances, granite counter tops and oversized laundry room that checks all of the boxes! Large outdoor patio with a built in BBQ and fire pit is a great space for entertaining. Being Only minutes from Chaparral Lake, Chaparral Park, schools, dog park, golfing, Old Town Scottsdale, Talking Stick Fields, Scottsdale Fashion Square and many popular restaurants makes this updated home perfectly located to enjoy all that Scottsdale has to offer, yet is still close enough to the Loop 101 for easy access all parts of the Valley.

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

  • 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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,084
Property Tax -$281
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$11

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.

$600,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.42%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$39,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,531

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,3803$2,5404$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 8632 E Osborn Road Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.28
    •  
  • 8638 E Amelia Avenue Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1971
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 8341 E Mackenzie Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1959
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.24
    •  
  • 8337 E Fairmount Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1958
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.32
    •  
  • 3326 N 82nd Place Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1964
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.53
    •  
PROPERTY LISTING DETAILS
Sean Steimer
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173898
Last Updated: 01/06/2021
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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