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10042 E Hillside Drive Scottsdale, AZ 85255

3 Beds 3 Baths 2,274 sqft Built 2017

$949,500

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $417.55
  • 31 Days on Market
  • MLS # : 6160050
  • Updated Date : 12/12/2020 at 16:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,274 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Enjoy much sought after, single level luxury living, with all that Windgate Ranch has to offer. Set in the foothills of the McDowell Mountains and within an award-winning, amenity filled, gated community; complete with three swimming pools, clubhouse, tennis, trails and playgrounds. This stunning home boasts pride of ownership with both elegance and charm. Natural light streams thought this beautifully thought out, three bedroom + den, three bath, three car tandem garage, home. Gather around the gourmet kitchen complete with top of the line appliances, including Wolf gas range, double ovens, highly detailed French Country glazed cabinetry, upgraded counter tops, back splash and plantation shutters throughout. Retreat in your inviting, spa-like master suite or in the charming yard

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
 

$854,550$1,044,450$949,500

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,503
Property Tax -$444
Property Insurance -$72
HOA -$298
Property Management Fees -$99
CASH FLOW
-$1,166

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.

$949,500

PROJECTED PRICE

$3,250

PROJECTED RENT

0.34%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,368

INVESTMENT

$257,368

Down Payment
$237,375
Rehab Estimate
$5,750
Closing Costs
$14,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,503

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,375
Loan Amount $712,125
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$990

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,138

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$3,600
$3,600
RENT COMPS ANALYSIS
  • 10042 E Hillside Drive Scottsdale, AZ 1
    • 2 beds 3 baths ∙ 2,274 Sqft ∙ Built 2017 2 beds 3 baths ∙ 2,274 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10857 E Salt Bush Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,936 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,936 Sqft ∙ Built 1999
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.24
    •  
  • 10767 E Caribbean Lane Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 2,369 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,369 Sqft ∙ Built 2000
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.52
    •  
PROPERTY LISTING DETAILS
Lissette Lent
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160050
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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