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8716 E Monte Vista Road Scottsdale, AZ 85257

3 Beds 2 Baths 1,423 sqft Built 1960

$480,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $337.32
  • 10 Days on Market
  • MLS # : 6153145
  • Updated Date : 11/06/2020 at 14:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,423 sqft
  • Baths : 2 full
Listing Agent

The Agency

Listing Agent's Description

Beautifully updated three bedroom, two bathroom single level home in Scottsdale with extra pool house. Open kitchen with granite countertops and breakfast bar. Wood flooring throughout, tile in the kitchen and bathrooms along with new carpet in the bedrooms. Open floor plan that allows for an entertainers dream leading out to the covered patio and freshly polished backyard with artificial turf, putting green and diving pool. Bring your buyers, This won't last long!

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
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,771
Property Tax -$224
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$239

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.

$480,000

PROJECTED PRICE

$1,910

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

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$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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$16,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8753$1,9104$1,9255$1,950
$1,950
RENT COMPS ANALYSIS
  • 8716 E Monte Vista Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.34
    •  
  • 2007 N 87th Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1961
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.40
    •  
  • 8716 E Oak Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.32
    •  
  • 1826 N 87th Way Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1973
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.31
    •  
  • 2341 N 87th Way Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1971
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.33
    •  
PROPERTY LISTING DETAILS
Brittany L Knowles
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153145
Last Updated: 11/06/2020
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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