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8907 N 80th Way Scottsdale, AZ 85258

3 Beds 3 Baths 2,095 sqft Built 1979

$899,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $429.12
  • 2 Days on Market
  • MLS # : 6180904
  • Updated Date : 01/17/2021 at 01:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,095 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Fall in love with this beautiful desert oasis in the heart of McCormick Ranch! This gorgeous home (extensive rehab completed in 2019) lends itself to entertaining, boasting an open floor plan, no interior steps and many custom finishes. Attention to detail is highlighted by custom iron/glass front door, dramatic gas fireplace, custom floating bar and cabinets, elegantly appointed high end floors and counter tops, stainless appliances, gas stove/oven, Pella windows, sound system inside/out, owned solar, extra fridge and fully landscaped yard. Choose from 2 full master spa bath en-suites with direct patio access to your private tropical oasis with large pebble tec pool and stress relieving hot tub. 5-min walk to greenbelt/ easy access to shopping/ dining. Don't delay, this home has it all!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tierra Feliz

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k724k

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

Neighborhood: Tierra Feliz

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10453471

* 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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$3,123
Property Tax -$420
Property Insurance -$68
HOA -$2
Property Management Fees -$99
CASH FLOW
-$892

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.

$899,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,095

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,8203$2,9004$3,2955$3,495
$3,495
RENT COMPS ANALYSIS
  • 8907 N 80th Way Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.35
    •  
  • 8196 E Del Caverna Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 1981
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.26
    •  
  • 8405 E San Marino Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1980
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.45
    •  
  • 8102 E Del Acero Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 1978
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.55
    •  
  • 7872 E Via Bonita -- Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1977
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.65
    •  
PROPERTY LISTING DETAILS
Kimberly Mcneece
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180904
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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