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10040 E Happy Valley Road #443 Scottsdale, AZ 85255

4 Beds 4 Baths 4,130 sqft Built 1994

$1,800,000

List Price

$9,090

$8.8K - $9.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $435.84
  • 3 Days on Market
  • MLS # : 6168619
  • Updated Date : 12/12/2020 at 13:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,130 sqft
  • Baths : 4 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Nestled in the heart of Desert Highlands, one of Scottsdale's most prestigious and exclusive 24/7 guard gated communities. This one level home (Zero interior steps) provides impeccable living that is sure to please the most discriminating. Beautifully sited on a spacious, N/S orientation cul-de-sac lot with mountain & desert vistas this meticulously maintained home offers an amazing lifestyle. From the main entry you're greeted by warm, inviting, casual and formal entertaining spaces accented by gorgeous tile flooring, beautiful stacked stone details and custom beamed ceilings. Surround sound through out the home. Three private patios. This thoughtfully designed home features 5 gas fireplaces (3 interior & 2 exterior). A sophisticated yet light and airy palate compliment the open floor

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
 

$1,620,000$1,980,000$1,800,000

PURCHASE PRICE

$8,181$9,999$9,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $9,090
EXPENSES Loan Payment -$6,641
Property Tax -$840
Property Insurance -$108
HOA -$1,325
Property Management Fees -$99
CASH FLOW
$77

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.

$1,800,000

PROJECTED PRICE

$9,090

PROJECTED RENT

0.51%

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$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,750

INVESTMENT

$482,750

Down Payment
$450,000
Rehab Estimate
$5,750
Closing Costs
$27,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,641

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $450,000
Loan Amount $1,350,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$113,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $9,090

    LIST RENT
  • $2.2

    LIST RENT PER SQFT
  • $6,346

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$5,250
1$5,2502$6,0003$7,0004$9,090
$9,090
RENT COMPS ANALYSIS
  • 10040 E Happy Valley Road #443 Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 4,130 Sqft ∙ Built 1994 4 beds 4 baths ∙ 4,130 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $9,090
    • $2.20
    •  
  • 9897 E Quarry Trail Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,831 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,831 Sqft ∙ Built 1999
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.37
    •  
  • 25975 N 89th Street Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 3,804 Sqft ∙ Built 2010 3 beds 4 baths ∙ 3,804 Sqft ∙ Built 2010
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.58
    •  
  • 9701 E Happy Valley Road #30 Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 4,211 Sqft ∙ Built 1997 3 beds 4 baths ∙ 4,211 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $1.66
    •  
PROPERTY LISTING DETAILS
Lorraine Funk
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168619
Last Updated: 12/12/2020
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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