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10043 E Sheena Drive Scottsdale, AZ 85260

3 Beds 3 Baths 1,862 sqft Built 1992

$499,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $268.47
  • 5 Days on Market
  • MLS # : 6164961
  • Updated Date : 11/25/2020 at 17:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,862 sqft
  • Baths : 2 full , 1 half
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This Beautiful 2 story home located in the popular Aviara subdivision is in a great location. Close to Restaurants, Shopping, Hospitals, Golf Courses, Community Pool, and easy access to the 101 Freeway. This home has a lot to offer with an open concept floor plan. Large Kitchen with lots of cabinet storage space, Stainless Steel Appliances, and Corian counter tops. This home also offers Newly Painted Exterior (Nov 2020), fire sprinklers, 2'' blinds, upgraded ceiling fans, and wood shutters in the Master Suite. The Master bathroom has a Dual Vanity, Walk in Closet, shower and soaking tub. Your backyard offers low maintenance landscaping, paver pathways, and a screened in porch to keep those pesky bugs at bay. This home is a MUST SEE!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Aviara

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Aviara

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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,844
Property Tax -$234
Property Insurance -$63
HOA -$75
Property Management Fees -$99
CASH FLOW
$134

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.

$499,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$49,276

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,444

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4503$2,4504$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 10043 E Sheena Drive Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.32
    •  
  • 14203 N 101st Street Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1987
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.23
    •  
  • 10137 E Conieson Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.30
    •  
  • 13895 N 102nd Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.30
    •  
  • 10091 E Gray Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164961
Last Updated: 11/25/2020
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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