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

8863 E Windrose Drive Scottsdale, AZ 85260

4 Beds 3 Baths 2,175 sqft Built 1987

$648,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $297.93
  • 6 Days on Market
  • MLS # : 6191514
  • Updated Date : 02/12/2021 at 16:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,175 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Beautifully renovated, prime location home in North Scottsdale. Adjacent to park with neighbor on one side only, direct access to the greenbelt from the back yard that has a large covered patio, and steps away from the resort-like community pool. The home has been remodeled with granite countertops, travertine/hardwood flooring, plantation shutters, and can lighting throughout. The spacious kitchen features stainless steel appliances, a breakfast nook, and a walk-in pantry. The stunning master suite features a fully remodeled en-suite bathroom, walk-in closet, and expansive balcony with beautiful views. There is one bedroom downstairs which has its own remodeled en-suite bathroom. The garage has custom built-in cabinetry and epoxy flooring.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pima Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Pima Vista

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
 

$583,200$712,800$648,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,251
Property Tax -$303
Property Insurance -$70
HOA -$22
Property Management Fees -$99
CASH FLOW
-$184

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.

$648,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,470

INVESTMENT

$177,470

Down Payment
$162,000
Rehab Estimate
$5,750
Closing Costs
$9,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,251

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,000
Loan Amount $486,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$23,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,719

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,5604$2,7005$2,900
$2,900
RENT COMPS ANALYSIS
  • 8863 E Windrose Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.18
    •  
  • 9175 E Camino Del Santo Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.09
    •  
  • 13534 N 88th Place Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1991
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 8895 E Wood Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.23
    •  
  • 9079 E Windrose Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1985
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.43
    •  
PROPERTY LISTING DETAILS
Yevgeniy Patent
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191514
Last Updated: 02/12/2021
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.

BESbswy