Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8681 E Belleview Place Scottsdale, AZ 85257

2 Beds 2 Baths 1,251 sqft Built 1986

$399,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $319.66
  • 3 Days on Market
  • MLS # : 6211386
  • Updated Date : 03/27/2021 at 16:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,251 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

SUPER CHARMER with a POOL!! Your new home has a great location in Scottsdale is the one for you! Updates aaall over in last few years. This 2 bed, 2 bath property offers charming curb appeal with a low maintenance front yard and a 2 car garage. Inside you will find a spacious living room with a fireplace, neutral paint, and wood like laminate flooring. The stylish white kitchen features stainless steel appliances, ample cabinetry, and granite counter tops. The master bedroom has a private bathroom. Amazing backyard entertaining space is complete with a covered patio and a refreshing blue pebble tec pool, perfect for enjoying Arizona outdoors. This gem will sell in a flash no doubt.. Hurry to schedule a showing before it's gone!

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
Coronado High School High Unknown NA

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

Coronado High School

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

$359,910$439,890$399,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,389
Property Tax -$187
Property Insurance -$52
HOA -$1
Property Management Fees -$99
CASH FLOW
-$48

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.

$399,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.42%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$19,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $1,583

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,6004$1,6005$1,680
$1,680
RENT COMPS ANALYSIS
  • 8681 E Belleview Place Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,251 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,251 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.34
    •  
  • 935 N Granite Reef Road #89 Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 1,145 Sqft ∙ Built 1985 2 beds 3 baths ∙ 1,145 Sqft ∙ Built 1985
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.22
    •  
  • 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
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.27
    •  
  • 985 N Granite Reef Road #163 Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 1,145 Sqft ∙ Built 1985 2 beds 3 baths ∙ 1,145 Sqft ∙ Built 1985
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.40
    •  
  • 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
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.17
    •  
PROPERTY LISTING DETAILS
Ryan Schroeder
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211386
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.

BESbswy