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8713 E Cypress Street Scottsdale, AZ 85257

3 Beds 2 Baths 1,715 sqft Built 1960

$535,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $311.95
  • 3 Days on Market
  • MLS # : 6178010
  • Updated Date : 01/09/2021 at 21:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautifully remodeled South Scottsdale home on a quiet cul-de-sac street close to the Loop 101 and Thomas rd. The property boasts an amazing open floor plan with 3 bedrooms, 2 bathrooms, large laundry room and a huge walk-in closet in the master bedroom. The front yard provides tasteful, low maintenance, desert landscape while the large backyard offers a fantastic covered patio, lush green grass and privacy. Schedule your private showing today! See 3D Matterport tour for a virtual walk through!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Estates Twelve

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Scottsdale Estates Twelve

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
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
 

$481,500$588,500$535,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,858
Property Tax -$250
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$128

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.

$535,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 14.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$23,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1403$2,1504$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 8713 E Cypress Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.25
    •  
  • 8754 E Coronado Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1961
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.23
    •  
  • 8619 E Cambridge Avenue Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.28
    •  
  • 8638 E Virginia Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1960
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.24
    •  
  • 8608 E Vernon Avenue Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1960
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.37
    •  
PROPERTY LISTING DETAILS
Molly Rundle
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178010
Last Updated: 01/09/2021
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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