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10026 E Ridgerunner Drive Scottsdale, AZ 85255

4 Beds 4 Baths 3,984 sqft Built 2007

$1,450,000

List Price

$5,970

$5.7K - $6.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $363.96
  • 3 Days on Market
  • MLS # : 6168713
  • Updated Date : 12/11/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,984 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Highly Upgraded Toll Bros Hm at Prestigious Windgate Ranch*Gourmet Island Kitchen features 48'' Sub-Zero, 48'' Gas Range, Double Ovens, Warming Drawer, Bev/Wine Cooler & Slab Granite, Open to Family Rm with Built-In TV-Audio Center*Elegant Living-Dining Rm with Stone Gas Fireplace & Built-In Cabinets, Wet Bar & Soaring Ceilings*Master Retreat with Spa like Bath, including Granite Vanities, Tub, Stone Shower & 2 Walk-in California Closets*New Exterior Paint*Sold Wood Doors*Resort Like Backyard, Pool & Spa with Water Slide & Waterfall, Gas Fireside Dining, Rain Gutters, Gas BBQ & Bev Cooler*Exceptional Clubhouse steps away*24 Hours Guard-Gated *Walking distance to McDowell Mt Preserve Trailhead*Close to West World, 101 HWY, Golfing,Ice Den, Restaurants & Entertainment!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: McDowell Mountain Ranch

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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,305,000$1,595,000$1,450,000

PURCHASE PRICE

$5,373$6,567$5,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,970
EXPENSES Loan Payment -$5,350
Property Tax -$678
Property Insurance -$105
HOA -$320
Property Management Fees -$99
CASH FLOW
-$582

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.

$1,450,000

PROJECTED PRICE

$5,970

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$390,000

INVESTMENT

$390,000

Down Payment
$362,500
Rehab Estimate
$5,750
Closing Costs
$21,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$5,350

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $362,500
Loan Amount $1,087,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$50,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,970

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $5,189

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,7003$4,9954$5,9705$6,000
$6,000
RENT COMPS ANALYSIS
  • 10026 E Ridgerunner Drive Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,984 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,984 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $5,970
    • $1.50
    •  
  • 18443 N 94th Way Scottsdale, AZ 1
    • 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.23
    •  
  • 18368 N 94th Way Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 2007
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.23
    •  
  • 11135 E Mirasol Circle Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,737 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,737 Sqft ∙ Built 1996
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $1.34
    •  
  • 17926 N 97th Place Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 4,259 Sqft ∙ Built 2013 5 beds 4 baths ∙ 4,259 Sqft ∙ Built 2013
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.41
    •  
PROPERTY LISTING DETAILS
William Lall
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168713
Last Updated: 12/11/2020
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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