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8699 E Aster Drive Scottsdale, AZ 85260

4 Beds 3 Baths 2,937 sqft Built 1991

$995,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $338.78
  • 2 Days on Market
  • MLS # : 6181978
  • Updated Date : 01/16/2021 at 18:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,937 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Exquisite Updated Home situated on a corner lot w/lush green landscape, 3 car garage, & a charming courtyard entry. Dramatic soaring ceilings, welcoming palette, beautiful travertine floors throughout, ceiling fans, & plant shelf. Full service wet bar is perfect for entertaining. Stunning chef's kitchen features granite counters/backsplash, center island, SS appliances, built-in desk, & plethora of handsome wood cabinetry. Formal dining area. Aesthically pleasing throughout w/a unique powder room pedestal sink, plantation shutters, exercise room, & designer touches at every turn. Grand primary bedroom boasts patio access, custom palette, spa like en suite w/dual sinks, walk-in shower, granite counters, & custom walk-in closet. Entertainer's dream backyard offers (2) covered paver patio,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Astoria

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k846k

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

Neighborhood: Astoria

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454163

* 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
Sonoran Sky Elementary School Primary Regular 715 37 9
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8

Sonoran Sky Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 37
9
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$3,456
Property Tax -$741
Property Insurance -$84
HOA -$12
Property Management Fees -$99
CASH FLOW
-$762

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$995,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $3,642

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,6303$3,8004$3,9955$4,000
$4,000
RENT COMPS ANALYSIS
  • 8699 E Aster Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $1.24
    •  
  • 8945 E Voltaire Drive Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 1986
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.08
    •  
  • 8313 E Davenport Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1980
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.26
    •  
  • 8761 E Voltaire Avenue Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 1997
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.33
    •  
  • 8905 E Wethersfield - Lot 1 Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,091 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,091 Sqft ∙ Built 2004
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.29
    •  
PROPERTY LISTING DETAILS
Stephanie Carlock
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181978
Last Updated: 01/16/2021
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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