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10017 E Mountain View Road #1054 Scottsdale, AZ 85258

2 Beds 2 Baths 1,162 sqft Built 1984

$295,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $253.87
  • 4 Days on Market
  • MLS # : 6178084
  • Updated Date : 01/07/2021 at 20:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,162 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

GREAT LOCATION,2 MASTER BEDROOMS,2 FULL BATHS, 1 CAR GARAGE, ALL APPLIANCES STAINLESS STILL, KITCHEN AND BATHROOS ARE TILE, CARPET IS ONE YEAR OLD AND AIRCONDITION IS 3 YEARS OLD, VERY LIGHTH AND BRIGHTH, GRANITE TILED COUNTER TOPS, ALL WOOD SHUTTERS,AND A GREAT SIZE PATIO OPENS TO GREEN AREA, CLOSE TO 101,SHOPPING ,HOSPITAL,SENIOR CENTER. PLEASE CALL AGENT WITH ANY QUESTIONS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Fountains

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: The Fountains

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453143

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,025
Property Tax -$163
Property Insurance -$50
HOA -$306
Property Management Fees -$99
CASH FLOW
-$133

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.

$295,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,511

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4504$1,5105$1,550
$1,550
RENT COMPS ANALYSIS
  • 10017 E Mountain View Road #1054 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,162 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,162 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.30
    •  
  • 10055 E Mountainview Lake Drive #2074 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,076 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,076 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.30
    •  
  • 10115 E Mountain View Road #1047 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,076 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,076 Sqft ∙ Built 1984
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.30
    •  
  • 10115 E Mountain View Road #1004 Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 1,254 Sqft ∙ Built 1984 2 beds 3 baths ∙ 1,254 Sqft ∙ Built 1984
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 10055 E Mountainview Lake Drive #1056 Scottsdale, AZ 5
    • 2 beds 3 baths ∙ 1,076 Sqft ∙ Built 1984 2 beds 3 baths ∙ 1,076 Sqft ∙ Built 1984
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.44
    •  
PROPERTY LISTING DETAILS
Violete Lachini
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178084
Last Updated: 01/07/2021
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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