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10090 E Bell Road Scottsdale, AZ 85260

3 Beds 3 Baths 2,797 sqft Built 2016

$690,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $246.69
  • 3 Days on Market
  • MLS # : 6167758
  • Updated Date : 12/04/2020 at 17:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,797 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to stunning contemporary 3 bedroom luxury villa in gated community in prime North Scottsdale at the base of the McDowell Mountain Preserve! Amazing interior boasts highly desirable open floor plan with large great room with tons of natural light that comes through. Windows have modern layered shades. Chef's kitchen is beautifully designed with custom lightings, island with breakfast bar, pantry and much more. First floor master suite has lavish bathroom with a marble vanity top and large walk-in closet. Upstairs includes a loft with built-in work desk, large balcony with mountain views, two generous bedrooms & full bath. Oversized garage has epoxy flooring. Great location!! Easy access to hiking and biking trails. Close to shopping and dining. Don't miss this fantastic opportunity!

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
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,546
Property Tax -$331
Property Insurance -$82
HOA -$345
Property Management Fees -$99
CASH FLOW
-$162

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.

$690,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$30,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $3,559

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,2403$3,6004$3,6005$4,400
$4,400
RENT COMPS ANALYSIS
  • 10090 E Bell Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,797 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,797 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $1.16
    •  
  • 10557 E Cosmos Circle Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.11
    •  
  • 10010 E Bell Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2016
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.30
    •  
  • 9845 E Mirasol Circle Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.21
    •  
  • 10853 E Verbena Lane Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 1998
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.47
    •  
PROPERTY LISTING DETAILS
Judy Song Park
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167758
Last Updated: 12/04/2020
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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