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

8995 E Aster Drive Scottsdale, AZ 85260

3 Beds 3 Baths 1,568 sqft Built 1990

$504,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $321.43
  • 3 Days on Market
  • MLS # : 6184108
  • Updated Date : 01/21/2021 at 23:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,568 sqft
  • Baths : 2 full , 1 half
Listing Agent

Flat List Re

Listing Agent's Description

FULLY REMODELED, GREAT LOCATION & MOVE IN READY! Spacious open great room floor plan with soaring ceilings on quiet cul-de-sac in wonderful North Scottsdale. Boasts 3 Bedrooms, 2.5 Baths & 2 Car Oversized Garage. Most Everything is New. New AC Unit, Roof, Exterior and Interior Paint, New Custom Stone and Tile Showers, Bathroom Vanities, Sinks, Faucets, Toilets, Valves, New Kitchen Appliances, Granite countertops, New Classy Closets Designed Closets, laundry room, pantry and under stairs storage, New Closet Doors and Barn Door on Master Bedroom Closet, New Door Knobs, Door Hinges, Electrical Outlets and Switches, New Stamped Concrete Sidewalk and patio. New Artificial Grass in Backyard with large shade trees, New Engineered HardWood Floors throughout, New ceiling fans in all bedrooms and m

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
 

$453,600$554,400$504,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,751
Property Tax -$236
Property Insurance -$58
HOA -$66
Property Management Fees -$99
CASH FLOW
$11

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.

$504,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$139,310

INVESTMENT

$139,310

Down Payment
$126,000
Rehab Estimate
$5,750
Closing Costs
$7,560

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,751

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $126,000
Loan Amount $378,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$30,042

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,219

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,2203$2,2954$2,2955$2,500
$2,500
RENT COMPS ANALYSIS
  • 8995 E Aster Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.42
    •  
  • 9089 E Wood Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1987
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.32
    •  
  • 8889 E Aster Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1989
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.50
    •  
  • 8879 E Aster Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1989
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.37
    •  
  • 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
Stacie C Whitfield
Flat List Re
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184108
Last Updated: 01/21/2021
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