Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10040 E Happy Valley #330 Road #330 Scottsdale, AZ 85255

4 Beds 4 Baths 3,936 sqft Built 1988

$1,599,900

List Price

$8,310

$8.1K - $8.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $406.48
  • 2 Days on Market
  • MLS # : 6176445
  • Updated Date : 01/03/2021 at 05:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,936 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Just Remodeled Home in one of the most Premier Golf Communities in No. Scottsdale! **4 Bedroom 3.5 Baths** Unparalleled Desert Highland's Exclusive Lifestyle Amenities Include: Jack Nicklaus Signature Golf Course, 13 Tennis Courts & 2 Pickle ball Courts, State of the Art Fitness Center & Heated Pool** Exclusive Private Member Clubhouse w/Indoor-Outdoor Dining overlooks stunning City Lights views**Year-Round Social Events Calendar**Single level home just Entirely Renovated with unsurpassed detail of every Interior & Exterior space! 3 Bedrooms each with their own Fabulous Baths + Powder Room** Great Room w/ soaring 18 foot Barrel Ceiling**Spacious Modern Kitchen w/Professional Gas Range & Wine Room** Move-in Ready! Don't miss this once in a lifetime opportunity to own this exquisite home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $122k1473k

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

Neighborhood: Desert Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000Rent in $10456386

* 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
Desert Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$1,439,910$1,759,890$1,599,900

PURCHASE PRICE

$7,479$9,141$8,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $8,310
EXPENSES Loan Payment -$5,903
Property Tax -$747
Property Insurance -$104
HOA -$1,395
Property Management Fees -$99
CASH FLOW
$62

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,599,900

PROJECTED PRICE

$8,310

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k

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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$429,724

INVESTMENT

$429,724

Down Payment
$399,975
Rehab Estimate
$5,750
Closing Costs
$23,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,903

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $399,975
Loan Amount $1,199,925
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$97,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $8,310

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $4,831

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,7003$5,0004$5,2505$8,310
$8,310
RENT COMPS ANALYSIS
  • 10040 E Happy Valley #330 Road Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $8,310
    • $2.11
    •  
  • 24809 N 84th Street Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,008 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,008 Sqft ∙ Built 1996
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
  • 26340 N 82nd Street Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,596 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,596 Sqft ∙ Built 1988
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.31
    •  
  • 8943 E Calle Del Palo Verde -- Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,986 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,986 Sqft ∙ Built 1997
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.25
    •  
  • 7895 E Softwind Drive Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 4,278 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,278 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.23
    •  
PROPERTY LISTING DETAILS
Joanne Zelko
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176445
Last Updated: 01/03/2021
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.

BESbswy