$855,000 · SCOTTSDALE, AZ 85254
Works for flippers · Landlords would lose money

Available

$855,000Asking price

5 bd · 4.5 ba · 4,203 sq ft · built 2020

SCOTTSDALE, AZ 85254

No contract on file

Price Drop

via InvestorLift Classic

3 views · listed Oct 22

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $1,400,000
Asking price: −$855,000
RepairsMiddle of our estimate, $107,000 – $192,500: −$149,750
Loan, holding, closing20% down, 12% interest, 2 points, 120 days: −$108,315
Profit20.5% of ARV · flippers want 10%+: $286,935
Works

Works for a flipper up to $991,000.

NATIONAL PROPERTY SUPERSTORE

Alex Daily

No reviews yet

Comps

Sales

Rents

ARV $1,400,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $2,189,000.

The sales behind this value are shown to members.

ARV $1,400,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

NATIONAL PROPERTY SUPERSTORE

Alex Daily

No reviews yet

Seller Description

Description:

Rental Investment Opportunity – 5601 E Paradise Lane

Asking price: $855,000

Income-producing rental property with a tenant currently paying $4,000 per month ($48,000 annually). The tenant is happy to stay, offering a potential opportunity for an investor to maintain rental income from day one. The tenant may also leave if the buyer prefers to occupy or reposition the property, subject to the lease terms.

Link: https://www.zillow.com/homedetails/5601-E-Paradise-Ln-Scottsdale-AZ-85254/8022575_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Investment Highlights:

Asking Price: $890,000

Current Monthly Rent: $4,000

Annual Gross Rental Income: $48,000