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8633 E Krail Street Scottsdale, AZ 85250

3 Beds 3 Baths 2,382 sqft Built 2001

$795,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $333.75
  • 3 Days on Market
  • MLS # : 6212190
  • Updated Date : 03/27/2021 at 14:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,382 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Rare Village at Scottsdale Links Bordeaux floor plan now available. Single level home w/open floor plan, high ceilings and low-maintenance sunny south backyard w/covered patio and lush vegetation. 3 bedrooms, 2.5 baths w/no interior steps, living room + family room, gourmet kitchen w/ walk-in pantry. Steps to the community pool & spa. Close to everything - just a mile to the Talking Stick Casino, Shopping Center, Golf Course & Salt River Fields spring training ballpark (Rockies & D-Backs). Old Town, Fashion Square, & Scottsdale Stadium (SF Giants) are under 5 miles away just down the 101. The Scottsdale Silverado Golf Course, Indian Bend Greenbelt and Arizona Canal walking & bike paths are adjacent to the sub. The low HOA fee includes front yard maintenance & electronic gated entry.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Links Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k769k

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

Neighborhood: Scottsdale Links Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453045

* 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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
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
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,761
Property Tax -$372
Property Insurance -$74
HOA -$195
Property Management Fees -$99
CASH FLOW
-$491

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.

$795,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$11,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $3,305

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$3,0103$3,5004$3,5505$3,600
$3,600
RENT COMPS ANALYSIS
  • 8633 E Krail Street Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,382 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,382 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $1.26
    •  
  • 7800 E Lincoln Drive #1079 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 1985
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
  • 6525 N 81st Place Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 1983
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.57
    •  
  • 8220 E Sage Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,487 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,487 Sqft ∙ Built 2008
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.43
    •  
  • 7176 N Via De Amigos -- Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,697 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,697 Sqft ∙ Built 1988
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.33
    •  
PROPERTY LISTING DETAILS
Richard Baxter
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212190
Last Updated: 03/27/2021
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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