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10060 N 78th Place Scottsdale, AZ 85258

3 Beds 3 Baths 3,233 sqft Built 1991

$1,250,000

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $386.64
  • 2 Days on Market
  • MLS # : 6192453
  • Updated Date : 02/13/2021 at 15:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,233 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Beautiful single level 3 bedroom home plus an office on a north/south corner lot. The home has been upgraded with new flooring, new interior paint, and new led lighting throughout. 2 new HVAC's were installed as well.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gainey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k664k

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

Neighborhood: Gainey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454689

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

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

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$4,342
Property Tax -$585
Property Insurance -$90
HOA -$374
Property Management Fees -$99
CASH FLOW
-$1,589

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.

$1,250,000

PROJECTED PRICE

$3,900

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$319

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
  • $3,467

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$3,1504$3,4995$3,550
$3,550
RENT COMPS ANALYSIS
  • 10060 N 78th Place Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,233 Sqft ∙ Built 1991 3 beds 3 baths ∙ 3,233 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10572 N 79th Street Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 1981
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
  • 8614 E Appaloosa Trail Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 1981 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 1981
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.05
    •  
  • 8134 E Del Rubi Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1980
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $1.21
    •  
  • 10422 N 82nd Place Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.13
    •  
PROPERTY LISTING DETAILS
Meghan Klibanoff
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192453
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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