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8749 E El Nido Lane Scottsdale, AZ 85250

3 Beds 2 Baths 1,380 sqft Built 1962

$559,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $405.07
  • 4 Days on Market
  • MLS # : 6165041
  • Updated Date : 11/25/2020 at 21:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,380 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Absolutely incomparable renovation in Park Scottsdale. No detail overlooked, this three bedroom two bath home features an open concept floor plan, beautiful epoxy floors, Wolf stove, professional appliances, custom cabinetry, quartz counters and energy saving features throughout. Oversized master with walk in closet. Garage, added carport with electric vehicle charging, separate workshop area. Upgraded insulation, synthetic stucco, custom iron gates, Rinnai tankless water heater, Bosch 19 SEER AC w/ Ecobee management. New driveway, steppers, synthetic turf, xeriscape, new roof, gutters, plumbing, electric panel. Please see interactive video tour and docs tab for upgrades list. Prime Scottsdale location minutes from Old Town, Fashion Square, restaurants and neighborhood parks.

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
 

$503,100$614,900$559,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$2,062
Property Tax -$261
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$447

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.

$559,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.36%

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-$10k-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$9,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,029

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9953$2,0304$2,2505$2,395
$2,395
RENT COMPS ANALYSIS
  • 8749 E El Nido Lane Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.47
    •  
  • 8731 E El Nido Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1962
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.22
    •  
  • 8601 E Solano Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1962
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.45
    •  
  • 8750 E San Miguel Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1962
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.64
    •  
  • 8637 E El Charro Lane Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1962
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.57
    •  
PROPERTY LISTING DETAILS
Joe Kertesz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165041
Last Updated: 11/25/2020
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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