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10141 E Floriade Drive Scottsdale, AZ 85260

3 Beds 2 Baths 1,879 sqft Built 1994

$575,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $306.01
  • 2 Days on Market
  • MLS # : 6206916
  • Updated Date : 03/13/2021 at 20:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,879 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

DON'T MISS THIS MOST POPULAR COVENTRY GREAT ROOM CONCEPT ON AN INTERIOR LOT.THIS GORGEOUS HOME WILL IMPRESS WITH ITS OPEN DESIGN THATS UNIQUE . HOME HAS 3 BEDROOMS PLUS A DEN ALL WITH GOOD SPACE.KITCHEN HAS LOTS OF TALL CABINETS THAT LOOKS OUT TO THE GREAT ROOM.BOTH FRON AND BACK YARDS ARE LUSH WITH GRASS AND VEGETATION.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Stonebrook

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k470k

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

Neighborhood: Scottsdale Stonebrook

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,997
Property Tax -$269
Property Insurance -$64
HOA -$6
Property Management Fees -$99
CASH FLOW
$5

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.

$575,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$34,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,443

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,4404$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 10141 E Floriade Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.30
    •  
  • 10043 E Gray Road Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1992
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.25
    •  
  • 14203 N 101st Street Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1987
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.23
    •  
  • 10137 E Conieson Road Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1994
    property image
    LEASED 04/04/20
    • 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
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
PROPERTY LISTING DETAILS
Robert Berro
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206916
Last Updated: 03/13/2021
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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