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8813 E Sharon Drive Scottsdale, AZ 85260

3 Beds 3 Baths 2,092 sqft Built 1996

$560,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $267.69
  • 2 Days on Market
  • MLS # : 6182081
  • Updated Date : 01/17/2021 at 00:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,092 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Wow! This STUNNING remodeled home has it all. 3 bedrooms + Loft & 2.5 baths, Dramatic Vaulted Ceilings! Formal Living Room. Custom Wood Stair Case & Railings off the Family Room. A spacious Kitchen opens to Family Room and has tons of Granite Counters & cabinets + recessed lighting. Large Master Bedroom on the first floor has a separate bedroom exit. Luxurious Remolded Master Bath with custom vanity, separate tub & shower + big walk-in closet. The roomy loft has a wood laminate floor & could be Office or 2nd Family Room. Backyard is a perfect place to relax and entertain with a custom fireplace, built in BBQ, oversize brick paver patio + covered patio. Laundry on 1st Floor. 2 Car Garage has cabinets & is on a North/South lot. Close to Shopping, Dining, GREAT Schools & EZ Freeway Access!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villa Pequena

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Villa Pequena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$1,945
Property Tax -$262
Property Insurance -$68
HOA -$3
Property Management Fees -$99
CASH FLOW
$783

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.

$560,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k$45k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$112,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,148

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,9503$3,1604$3,4005$3,595
$3,595
RENT COMPS ANALYSIS
  • 8813 E Sharon Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.51
    •  
  • 9019 E Davenport Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.22
    •  
  • 9148 E Davenport Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.47
    •  
  • 8960 E Ludlow Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1985
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.72
    •  
  • 8881 E Gray Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,231 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,231 Sqft ∙ Built 1984
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $1.61
    •  
PROPERTY LISTING DETAILS
Marty Stephens
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182081
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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