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10088 E San Salvador Drive Scottsdale, AZ 85258

2 Beds 2 Baths 1,603 sqft Built 1985

$530,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $330.63
  • 4 Days on Market
  • MLS # : 6186913
  • Updated Date : 01/31/2021 at 00:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,603 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Two bedrooms plus a den in Scottsdale Ranch ! Very Open floor plan with a great room & formal dining room area! Move right in ! And ,ALL FURNISHINGS included (if wanted) except for a few personal items. This makes for a perfect winter visitor '' lock and leave ! '' Washer, dryer ,refrigerator & built in microwave included too! Kitchen has Eat in nook with a bay window. Wet bar in Great room. Full laundry room & lots of cabinets and counter space. Garage has cabinets and a workspace as well !Outdoor flagstone patio area with privacy ! Right across the street from the Community pool & spa ! Clean as a whistle ! Light and bright ! Exterior of home and wall painted Jan. 2021. Roofer inspected roof last week as a preventative measure & all is well ! Professional pictures coming next Tuesday !

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Casa del Cielo at Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Casa del Cielo at Scottsdale 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

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

$477,000$583,000$530,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,841
Property Tax -$248
Property Insurance -$58
HOA -$189
Property Management Fees -$99
CASH FLOW
-$245

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.

$530,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$11,968

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
  • $2,016

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6504$2,2875$2,425
$2,425
RENT COMPS ANALYSIS
  • 10088 E San Salvador Drive Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10019 E Mountain View Road #1104 Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 1,411 Sqft ∙ Built 1984 2 beds 3 baths ∙ 1,411 Sqft ∙ Built 1984
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 9550 N 94th Place #124 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1985
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
  • 10481 E Bella Vista Drive Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,689 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,689 Sqft ∙ Built 1985
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,287
    • $1.35
    •  
  • 10103 N 101st Street Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1986
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.47
    •  
PROPERTY LISTING DETAILS
Donald W Aldrich Jr
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186913
Last Updated: 01/31/2021
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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