Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8858 E Sunnyside Drive Scottsdale, AZ 85260

2 Beds 2 Baths 1,258 sqft Built 1987

$449,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $357.63
  • 3 Days on Market
  • MLS # : 6174530
  • Updated Date : 12/25/2020 at 12:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,258 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This stunning home has 2 bedrooms PLUS a den that can be easily converted into a 3rd full bedroom. You are instantly greeted with soaring high ceilings, a cozy fireplace, and an open area ready for entertaining. The vaulted ceilings continue into the kitchen which features an island with granite countertops, stainless steel appliances, and ample storage space including a pantry. Through the French doors your master bedroom awaits with a soaking tub, double sinks, and a walk-in closet. With one of the larger lots in the community, the private backyard has all the space you need. Enjoy what the community has to offer with a year round heated pool, spa, and tennis courts just yards away. With easy access to the 101 Freeway, it makes getting around town a breeze!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Santa Fe

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: Mission Santa Fe

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
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
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,660
Property Tax -$210
Property Insurance -$52
HOA -$180
Property Management Fees -$99
CASH FLOW
-$451

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.

$449,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,737

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
  • $1,613

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6504$1,6955$1,900
$1,900
RENT COMPS ANALYSIS
  • 8858 E Sunnyside Drive Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,258 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,258 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11260 N 92nd Street #1112 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,301 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,301 Sqft ∙ Built 1995
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.23
    •  
  • 11260 N 92nd Street #2046 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,301 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,301 Sqft ∙ Built 1995
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.27
    •  
  • 11515 N 91st Street #238 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,372 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,372 Sqft ∙ Built 1987
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.24
    •  
  • 8873 E Yucca Street Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,365 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,365 Sqft ∙ Built 1998
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.39
    •  
PROPERTY LISTING DETAILS
Bryce Schotz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174530
Last Updated: 12/25/2020
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.

BESbswy