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8833 E Calle Buena Vista Scottsdale, AZ 85255

2 Beds 2 Baths 1,606 sqft Built 1999

$480,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $298.88
  • 5 Days on Market
  • MLS # : 6164766
  • Updated Date : 11/27/2020 at 13:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,606 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Location is EVERYTHING and this stylish home is in the heart of it all! Immaculately maintained, you'll love the warm wood tile flooring, granite countertops, rich espresso cabinetry, stainless steel appliances, fabulous 2 way fireplace, and the perfect home office with built-in custom cabinetry. The split master suite offers a walk in closet and a full master bath with a separate shower, soaker tub and double sinks. Outside you'll find a covered patio overlooking an extra large backyard with landscaping that captures the sonoran desert lifestyle perfectly. The gated Desert Village community features a community pool just down the street, incredible mountain views, and is just minutes to shopping & dining at Market Street in DC Ranch, golf courses and easy freeway access. Won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Desert Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

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

$432,000$528,000$480,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,771
Property Tax -$224
Property Insurance -$59
HOA -$39
Property Management Fees -$99
CASH FLOW
$38

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$480,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$36,831

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $2,220

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1504$2,2005$2,230
$2,230
RENT COMPS ANALYSIS
  • 8833 E Calle Buena Vista Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.39
    •  
  • 20750 N 87th Street #2120 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 2009 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 2009
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.47
    •  
  • 8936 E Conquistadores Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,550 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,550 Sqft ∙ Built 1997
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.35
    •  
  • 23197 N 89th Place Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1998
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.34
    •  
  • 8926 E Calle Buena Vista Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,606 Sqft ∙ Built 1997
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.37
    •  
PROPERTY LISTING DETAILS
Roger Banning
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164766
Last Updated: 11/27/2020
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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