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8724 E Country Club Trail Scottsdale, AZ 85255

5 Beds 4 Baths 3,354 sqft Built 1979

$949,888

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $283.21
  • 2 Days on Market
  • MLS # : 6193832
  • Updated Date : 02/12/2021 at 23:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,354 sqft
  • Baths : 4 full
Listing Agent

The Biltmore Group Llc

Listing Agent's Description

ABSOLUTE MUST SEE!!! SALE COMES WITH APPROVED PLANS BOTH HOA & CITY

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Peak Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k945k

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

Neighborhood: Pinnacle Peak Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454228

* 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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$854,899$1,044,877$949,888

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,299
Property Tax -$730
Property Insurance -$93
HOA -$25
Property Management Fees -$99
CASH FLOW
-$546

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.

$949,888

PROJECTED PRICE

$3,700

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$257,470

INVESTMENT

$257,470

Down Payment
$237,472
Rehab Estimate
$5,750
Closing Costs
$14,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,472
Loan Amount $712,416
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$15,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,656

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$3,295
1$3,2952$3,4003$3,7004$3,7005$4,000
$4,000
RENT COMPS ANALYSIS
  • 8724 E Country Club Trail Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 3,354 Sqft ∙ Built 1979 5 beds 4 baths ∙ 3,354 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.10
    •  
  • 8852 E Calle De Las Brisas Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.09
    •  
  • 9120 E Calle De Valle Drive Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,141 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,141 Sqft ∙ Built 1994
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.08
    •  
  • 22217 N Los Caballos Drive Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,566 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,566 Sqft ∙ Built 1987
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.04
    •  
  • 22163 N 78th Street Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 1999
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.15
    •  
PROPERTY LISTING DETAILS
Souren Hatsakorzian
The Biltmore Group Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193832
Last Updated: 02/12/2021
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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