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8951 E Sutton Drive Scottsdale, AZ 85260

4 Beds 3 Baths 2,314 sqft Built 1987

$634,900

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $274.37
  • 4 Days on Market
  • MLS # : 6189810
  • Updated Date : 02/18/2021 at 22:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,314 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Highly sought- after fabulous Scottsdale location close to the 101, dining, shopping & gorgeous hiking trails. Walk into this beautiful vaulted open floorplan with wood burning fireplace and Primary Bedroom downstairs, two bedrooms and loft upstairs. LOFT CAN BE EASILY MODIFIED BY ADDING A WALL & ENTRY DOOR to FACILITATE A 4TH BEDROOM, AS DONE IN SAME MODEL MLS #6129347 Secluded yard with pool, spa, RV Gate & parking for your toys. New roof with warranty just installed in Feb 2021, new water heater Feb 2021, exterior painted in 2019 along with new garage doors and flooring in Primary bedroom and Formal Living room. N/S exposure with plenty of privacy as this unique home has no two stories adjacent or behind. This 3 car garage home is priced to sell and is a quick walk to Thunderbird Park

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palos Verdes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k487k

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

Neighborhood: Palos Verdes

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
 

$571,410$698,390$634,900

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,205
Property Tax -$297
Property Insurance -$72
HOA -$1
Property Management Fees -$99
CASH FLOW
$45

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.

$634,900

PROJECTED PRICE

$2,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.2%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$173,999

INVESTMENT

$173,999

Down Payment
$158,725
Rehab Estimate
$5,750
Closing Costs
$9,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,205

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,725
Loan Amount $476,175
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$41,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,991

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7003$2,7204$3,1005$3,600
$3,600
RENT COMPS ANALYSIS
  • 8951 E Sutton Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.18
    •  
  • 9273 E Pershing Avenue E Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1992
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.16
    •  
  • 8895 E Wood Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.23
    •  
  • 9014 E Larkspur Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1990
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.30
    •  
  • 8876 E Surrey Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 1990
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.48
    •  
PROPERTY LISTING DETAILS
Colleen Malley Schwartz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189810
Last Updated: 02/18/2021
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.

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