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8656 E Bonnie Rose Avenue Scottsdale, AZ 85250

3 Beds 2 Baths 1,372 sqft Built 1961

$550,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $400.87
  • 4 Days on Market
  • MLS # : 6204783
  • Updated Date : 03/12/2021 at 04:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Stunning remodel situated in prime Scottsdale location with beautiful modern updates. Renovation includes all NEW: pvc drain pipes under slab, pex water lines, blown in insulation, hot water tank, dual pane windows, HVAC & 40 year dimensional shingle roof. Home also offers fresh exterior & interior paint, wood plank tile & new: carpet, fans, fixtures, doors, baseboard, trim & wood blinds throughout. The kitchen includes white shaker cabinets with black hardware, granite countertops, stainless steel appliances with slide in gas range/convection oven, convection/microwave, tiled backsplash & breakfast bar. Both bathrooms feature new vanities with quartz tops & tiled tub/shower surrounds. Low maintenance backyard has extended covered patio, pavers & artificial turf. Don't miss it!

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
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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,910
Property Tax -$257
Property Insurance -$54
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 14% of earned rent to cover both maintenance and periods of vacancy.

$550,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.41%

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-$5.0k$0.0$5.0k$10k$15k$20k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$28,285

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $2,236

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,1003$2,2404$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8656 E Bonnie Rose Avenue Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.63
    •  
  • 8425 E Crestwood Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1962
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.46
    •  
  • 8638 E Vista Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1961
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.48
    •  
  • 8632 E Valley View Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1962
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.77
    •  
  • 8702 E Bonnie Rose Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1962
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.81
    •  
PROPERTY LISTING DETAILS
Ashley Mckee
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204783
Last Updated: 03/12/2021
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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