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

8968 E Davenport Drive Scottsdale, AZ 85260

3 Beds 2 Baths 1,612 sqft Built 1986

$510,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $316.38
  • 2 Days on Market
  • MLS # : 6209836
  • Updated Date : 03/21/2021 at 00:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

What a charmer!!! Updated and upgraded 3 bedroom, 2bath home on a cul-de-sac lot. The current owner removed a wall in kitchen to give this home a very open concept. Gorgeous kitchen has updated cabinets, stainless steel appliances, high grade granite, breakfast bar, eat-in kitchen, and travertine flooring. The rest of the home has beautiful hard wood floors. Bathrooms are upgraded with Travertine though out and custom touched. Very nice sized rear yard would hold a pool with room to spare for play area. Come and take a look!!

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
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,771
Property Tax -$239
Property Insurance -$59
HOA -$1
Property Management Fees -$99
CASH FLOW
$91

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.

$510,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.44%

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

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$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$38,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,2604$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 8968 E Davenport Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.40
    •  
  • 8897 E Gray Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1984
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.40
    •  
  • 13873 N 89th Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1985
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.36
    •  
  • 9030 E Gray Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1985
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.38
    •  
  • 13170 N 90th Place Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1990
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.47
    •  
PROPERTY LISTING DETAILS
Christopher Meyer
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209836
Last Updated: 03/21/2021
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