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8658 E Portland Street Scottsdale, AZ 85257

2 Beds 2 Baths 1,355 sqft Built 1981

$370,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $273.06
  • 4 Days on Market
  • MLS # : 6159578
  • Updated Date : 11/13/2020 at 21:57
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,355 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautifully remodeled 2 bed/2 bath single story ranch style home available in the heart of Scottsdale. Excellent location, just steps from Apache Park and minutes from the Loop 101, Old Town Scottsdale, and lots of popular options for shopping, dining and nightlife. Must see interior is sure to impress with a desirable open concept floor plan and tasteful upgrades from wall to wall. Soaring vaulted ceilings and neutral paint tones throughout. Attractive wood look flooring in all common areas. Spacious living area is enhanced with a charming fireplace. Modern kitchen with sleek quartz counters, ss appliances and crisp white cabinetry. Dual master bedrooms, each with an updated private ensuite. Huge lot with lovely, mature landscaping, RV parking and room for all of your toys. See it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trails at Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k465k

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

Neighborhood: Trails at Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Hohokam Traditional School Primary Regular 432 30 6
Coronado High School High Regular 1,039 61 2

Hohokam Traditional School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
6
GreatSchools Rating

Coronado High School

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

$333,000$407,000$370,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,365
Property Tax -$173
Property Insurance -$54
HOA -$1
Property Management Fees -$99
CASH FLOW
-$212

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.

$370,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$9,959

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
  • $1,585

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4954$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 8658 E Portland Street Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 985 N Granite Reef Road #156 Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 1,145 Sqft ∙ Built 1985 2 beds 3 baths ∙ 1,145 Sqft ∙ Built 1985
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.27
    •  
  • 8616 E Diamond Street Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 1981
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 1335 N 87th Street Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,371 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,371 Sqft ∙ Built 1986
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.17
    •  
  • 8711 E Latham Street Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 1983
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
PROPERTY LISTING DETAILS
Adam Gillick
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159578
Last Updated: 11/13/2020
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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