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8702 E Sage Drive Scottsdale, AZ 85250

4 Beds 2 Baths 1,801 sqft Built 1961

$479,999

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $266.52
  • 2 Days on Market
  • MLS # : 6181584
  • Updated Date : 01/24/2021 at 00:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,801 sqft
  • Baths : 2 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

RARE OPPORTUNITY to own in this highly desirable Scottsdale neighborhood with one of the largest lots in the area! Fantastic 4-bed/2-bath/2-car garage home has been well maintained & meticulously cared for. Home has New Carpet/Paint, New A/C 2018, Travertine floors, dual paned windows, gas range & water heater. Low maintenance/drought tolerant yards w/ auto watering system saves $. Enormous backyard offers RV/Boat gated parking, covered patio, flagstone patio/walkways & firepit, bocce court, & lots of extra room to create your dream oasis! Home is centrally & conveniently located close to shopping, restaurants, golf, Scottsdale Comm College, Mohave Middle School, Chaparral Park/Dog Park, Fashion Square Mall, Old Town, Talking Stick Casino/Resort & 101 Freeway. Schedule your showing today!

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
 

$431,999$527,999$479,999

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,667
Property Tax -$224
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$127

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.

$479,999

PROJECTED PRICE

$2,180

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $359,999
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$42,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,278

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$2,1804$2,2005$2,600
$2,600
RENT COMPS ANALYSIS
  • 8702 E Sage Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.21
    •  
  • 8401 E Vista Drive Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1961
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
  • 8619 E Bonnie Rose Avenue Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 1961
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
  • 5820 N 86th Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1962
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
  • 8556 E Plaza Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1961
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.57
    •  
PROPERTY LISTING DETAILS
Charles Edwards
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181584
Last Updated: 01/24/2021
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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