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8749 E Orange Blossom Lane Scottsdale, AZ 85250

4 Beds 3 Baths 1,600 sqft Built 1968

$549,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $343.69
  • 1 Days on Market
  • MLS # : 6263624
  • Updated Date : 07/13/2021 at 02:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,600 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

OPPORTUNITY IS KNOCKING for a finish-the-fix-up home w/eclectic style! HUGE lot size on 1/3 ACRE at the back of a CUL DE SAC! Large GUEST HOUSE over 500sf w/private bathroom, washer & dryer ~ WORKSHOP with access from the alley ~ BEAUTIFULLY landscaped yard by DESIGNER LANDSCAPE ARTIST ~ Main house is partially renovated & partially gutted for Buyer to finish ~ Renovated bathrooms ~ Master bathroom has dual sinks and walk-in tiled shower ~ CHARMING guest bathroom has CLAW FOOT stand alone TUB & tiled wall surrounding the tub ~ Oversized laundry room w/lots of cabinets for storage & charming corrugated metal ceiling ~ HUGE refinished pool ~ TRANE AC unit ~ SOLD AS IS ~ This is a RARE FIND w/the guest house and separate workshop ~ Property is not financeable ~ Cash purchase required

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
 

$494,910$604,890$549,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,910
Property Tax -$257
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$115

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.

$549,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.40%

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$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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$25,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,460

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1004$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 8749 E Orange Blossom Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,600 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8614 E Thornwood Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1960
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.48
    •  
  • 8707 E Chaparral Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1960
    LEASED 04/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.42
    •  
  • 8637 E Mariposa Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 1960
    LEASED 05/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.46
    •  
  • 8731 E Mariposa Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.79
    •  
PROPERTY LISTING DETAILS
Kristin L. Graziano
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263624
Last Updated: 07/13/2021
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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