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5002 E Blanche Drive 
Scottsdale, AZ
85254
3 Beds 2 Baths 1,682 sqft
Built 1983
INVESTimate
$465,000
List Price
$128,975
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PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $276.46
- 3 Days on Market
- MLS # : 6121836
- Updated Date : 08/25/2020 at 13:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,682 sqft
- Baths : 2 full
Listing Agent
Prime House Llc
Listing Agent's Description
Best value in all of Scottsdale and no HOA! Soaring vaulted ceilings and open floorplan give it the feel of a much larger house. In the kitchen, you'll find stainless appliances, granite countertops, a huge kitchen island/bar with seating for 5, gorgeous cabinetry, and new, captivating light fixtures. The master bath features double sinks and an elegant tile and glass shower enclosure. Other features include indoor shutters and wood blinds and Anderson double doors looking out to a large grassy backyard, RV gate, new carpet in the master, laminate in the secondary bedrooms, and large tile flooring throughout the rest of the home. The solar panels make for very low utility bills.
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PRICE & RENT TRENDS
Neighborhood: Liberty Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Liberty Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,716 |
| Property Tax | -$348 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$87
|
||
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.
$465,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.95% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$128,975
LOAN DETAILS
$1,716
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
6.42
YEARS SAVED
$40,636
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$2,309
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
-
5002 E Blanche Drive Scottsdale, 3
- 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $2,310
- $1.37
-
15445 N 51st Street Scottsdale, 1
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1987
LEASED 02/29/20- Rent
- Rent Per SQFT
- $2,175
- $1.32
-
5234 E Blanche Drive Scottsdale, 2
- 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979
LEASED 06/21/20- Rent
- Rent Per SQFT
- $2,300
- $1.43
-
15207 N 51st Way Scottsdale, 4
- 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1984
LEASED 01/20/20- Rent
- Rent Per SQFT
- $2,400
- $1.35
-
5120 E Janice Way Scottsdale, 5
- 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1984
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,500
- $1.39
PROPERTY LISTING DETAILS
Prime House Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121836
Last Updated: 08/25/2020
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.
