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8787 E Mountain View Road #2095 Scottsdale, AZ 85258

2 Beds 2 Baths 1,053 sqft Built 1985

$259,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $245.96
  • 3 Days on Market
  • MLS # : 6203044
  • Updated Date : 03/05/2021 at 19:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,053 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

This wonderful 2 bedroom 2 bath condo is located in a very sought after area of Scottsdale. Community is equipped with great amenities. Condo is located walking distance to shopping and restaurants. You don't want to miss out on this unit. Schedule a showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McCormick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k506k

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

Neighborhood: McCormick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453368

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$900
Property Tax -$121
Property Insurance -$48
HOA -$295
Property Management Fees -$99
CASH FLOW
-$132

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.

$259,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,322

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,3304$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 8787 E Mountain View Road #2095 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.26
    •  
  • 8787 E Mountain View Road #1088 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.19
    •  
  • 8787 E Mountain View Road #2106 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.23
    •  
  • 8787 E Mountain View Road #1077 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.28
    •  
  • 8787 E Mountain View Road #1106 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1985
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.32
    •  
PROPERTY LISTING DETAILS
Tammy Colleen Schembri
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203044
Last Updated: 03/05/2021
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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