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908 N 72nd Place Scottsdale, AZ 85257

4 Beds 2 Baths 1,316 sqft Built 1960

$459,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $349.47
  • 2 Days on Market
  • MLS # : 6148339
  • Updated Date : 11/14/2020 at 15:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,316 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Charming & Hard to Find 4 Bedroom w/ Large Private Pool in South Scottsdale! Lots of Natural Light. Recent Upgrades Include Quartz Countertops & White Cabinetry in Kitchen, Tiled Backsplash, Upgraded Bathrooms, Custom Tiled Shower, Porcelain Tile Flooring Throughout with Neutral Color Carpet in Bedrooms, Dual Pane Windows, Security Doors, New HVAC with warranty, New Hot Water Heater, Sliding Doors in Kitchen & Master to Large Covered Patio, Perfect for Entertaining! Great Area, NO HOA! Easy access to both 101 & 202, ASU, Old Town, Fashion Square & Tempe Town Lake.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New Papago Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

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

Neighborhood: New Papago Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9362993

* 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
Yavapai Elementary School Primary Regular 421 26 4
Coronado High School High Regular 1,039 61 2

Yavapai Elementary School

  • Education Level: Primary
  • # of students: 421
  • # of teachers: 26
4
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,697
Property Tax -$215
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$464

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$459,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7404$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 908 N 72nd Place Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,316 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.22
    •  
  • 7421 E Beatrice Street Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1960
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.25
    •  
  • 7401 E Belleview Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1959
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.33
    •  
  • 7514 E Roosevelt Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1960
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.32
    •  
  • 7514 E Beatrice Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1960
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.47
    •  
PROPERTY LISTING DETAILS
Michele Pons
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148339
Last Updated: 11/14/2020
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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