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8707 E San Martin Drive Scottsdale, AZ 85258

5 Beds 4 Baths 3,220 sqft Built 2014

$1,335,000

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $414.60
  • 38 Days on Market
  • MLS # : 6167489
  • Updated Date : 01/07/2021 at 17:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,220 sqft
  • Baths : 3 full , 1 half
Listing Agent

Goddes Homes

Listing Agent's Description

Rare find in McCormick Ranch! Stunning contemporary custom NEW BUILD (2014) in the highly desired Tierra Nueva neighborhood of McCormick Ranch. This beautiful 5 bed/3.5 bath home was COMPLETELY rebuilt in 2014 w/ thoughtfully designed custom features & upgrades throughout - no details overlooked. It boasts an open & split floor plan w/ 10+ ft ceilings throughout (reaching up to 20+ ft in the vaulted great room), stunning curb appeal, wood-look tile floors, and multiple patio access doors for an ultimate indoor/outdoor lifestyle. The expansive great room is truly impressive w/ gorgeous wood beams along the 20+ ft vaulted ceiling that continue outdoors to the covered patio, wall to wall panoramic sliding glass doors that combine the indoor & outdoor living areas, oversized

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Horizons

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k647k

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

Neighborhood: Country Horizons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453343

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,201,500$1,468,500$1,335,000

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$4,637
Property Tax -$624
Property Insurance -$90
HOA -$2
Property Management Fees -$99
CASH FLOW
-$1,552

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.

$1,335,000

PROJECTED PRICE

$3,900

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$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$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$359,525

INVESTMENT

$359,525

Down Payment
$333,750
Rehab Estimate
$5,750
Closing Costs
$20,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,637

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $333,750
Loan Amount $1,001,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,900

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $4,605

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$5,000
$5,000
RENT COMPS ANALYSIS
  • 8707 E San Martin Drive Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 3,220 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,220 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.21
    •  
  • 7855 E Desert Cove Avenue Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.43
    •  
PROPERTY LISTING DETAILS
Brad A Goddes
Goddes Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167489
Last Updated: 01/07/2021
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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