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10004 E Purdue Avenue Scottsdale, AZ 85258

2 Beds 2 Baths 1,989 sqft Built 1983

$549,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $276.02
  • 3 Days on Market
  • MLS # : 6181680
  • Updated Date : 01/15/2021 at 23:35
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,989 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

PRICE & RENT TRENDS

Neighborhood: Mission Monterey

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Mission Monterey

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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$1,907
Property Tax -$257
Property Insurance -$66
HOA -$177
Property Management Fees -$99
CASH FLOW
$284

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.

$549,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$57,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $3,128

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,7903$3,0004$3,2005$3,800
$3,800
RENT COMPS ANALYSIS
  • 10004 E Purdue Avenue Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.40
    •  
  • 10103 N 101st Street Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1986
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.47
    •  
  • 10059 E Ironwood Drive Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,863 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,863 Sqft ∙ Built 1985
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.61
    •  
  • 10086 E Cochise Drive Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 2,179 Sqft ∙ Built 1989 2 beds 2 baths ∙ 2,179 Sqft ∙ Built 1989
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.47
    •  
  • 10332 N 101st Street Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 2,179 Sqft ∙ Built 1989 2 beds 2 baths ∙ 2,179 Sqft ∙ Built 1989
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.74
    •  
PROPERTY LISTING DETAILS
Richard Baxter
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181680
Last Updated: 01/15/2021
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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