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10146 E Tierra Buena Lane Scottsdale, AZ 85255

3 Beds 2 Baths 1,604 sqft Built 1997

INVESTimate

$559,000

List Price

$2,310

$2,079 - $2,541

Rent Est.

$575,882  ( +3.02%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $348.50
  • 6 Days on Market
  • MLS # : 6120561
  • Updated Date : 08/23/2020 at 15:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Designer Remodel in McDowell Mountain Ranch on Oversized Lot. The sellers went overboard with the upgrades. New Wood-Like Tile throughout all main living areas and New Carpet in all bedrooms. The Beautiful Kitchen has Quartz Counter Tops, Stainless Steel Appliances, White Cabinetry, Black Fixtures, Spanish Tile Backsplash and Gold Pendant Lighting. The Open Floor Plan allows for easy entertaining. The Master Retreat is complete with a Master Bathroom with a Stunning Marble Tile Shower and Gold Fixtures. The home was Painted inside and out with a Gray & White palette. New Low Maintenance Landscaping in Front and Back with the highlight being over 1,500 square feet of Artificial Grass. Brand New ROOF, Washer/Dryer, Fans, Lighting, Fixtures, Baseboards & more. Awesome Community Pools & Parks!

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
Desert Canyon Elementary School Primary Regular 503 25 10
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Desert Canyon Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
10
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
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,062
Property Tax -$342
Property Insurance -$58
HOA -$42
Property Management Fees -$99
CASH FLOW
-$294

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.

$559,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.02%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$15,234

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $2,310

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,3104$2,3905$2,400
$2,400
RENT COMPS ANALYSIS
  • 10146 E Tierra Buena Lane Scottsdale, 3
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.44
    •  
  • 10111 E Tierra Buena Lane Scottsdale, 1
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1998
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.35
    •  
  • 10311 E Morning Star Drive Scottsdale, 2
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.42
    •  
  • 15841 N 102nd Place Scottsdale, 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.49
    •  
  • 10224 E Firewheel Drive Scottsdale, 5
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
PROPERTY LISTING DETAILS
Kyle Smith
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120561
Last Updated: 08/23/2020
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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