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9225 N 82nd Street Scottsdale, AZ 85258

4 Beds 2 Baths 2,620 sqft Built 1984

$840,000

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $320.61
  • 2 Days on Market
  • MLS # : 6178859
  • Updated Date : 01/09/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,620 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

PRIME MCCORMICK RANCH LOCATION! When you pull up to this home, you will notice the gorgeous front courtyard with pavers, professionally designed desert landscaping with artificial grass, new garage door and a beautiful driveway with pavers. Walk into through the incredible 9 ft front doors into foyer with vaulted ceilings, wood plank tile, new carpet, and beautiful floor to ceiling brick fireplace with a custom wood mantle. No interior steps! The kitchen has a gas stove (rare in McCormick Ranch), high end appliances, granite countertops, island and beautiful custom cabinets. French doors lead you to the gorgeous backyard with a large paved covered patio, built in BBQ, play area with lots of grass and mountain views. Large master bedroom with his/hers closets. The master bath has a gorgeous

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McCormick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k506k

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

Neighborhood: McCormick Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453368

* 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
 

$756,000$924,000$840,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$2,918
Property Tax -$393
Property Insurance -$78
HOA -$2
Property Management Fees -$99
CASH FLOW
$311

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.

$840,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,350

INVESTMENT

$228,350

Down Payment
$210,000
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,918

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $210,000
Loan Amount $630,000
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$79,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $3,910

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,9954$4,0005$4,000
$4,000
RENT COMPS ANALYSIS
  • 9225 N 82nd Street Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,620 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,620 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.45
    •  
  • 8507 E Welsh Trail Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
  • 8108 E Del Joya Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1979
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.65
    •  
  • 9187 N 82nd Street Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,540 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,540 Sqft ∙ Built 1984
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.57
    •  
  • 8528 E Clydesdale Trail Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.48
    •  
PROPERTY LISTING DETAILS
Sarah Green
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178859
Last Updated: 01/09/2021
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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