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10187 E Bayview Drive Scottsdale, AZ 85258

3 Beds 3 Baths 3,335 sqft Built 1996

$1,375,000

List Price

$4,440

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $412.29
  • 7 Days on Market
  • MLS # : 6188303
  • Updated Date : 02/06/2021 at 14:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,335 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Enjoy the ''Resort Lifestyle'' in this lovely home on 5 miles of Lake Serena lakefront. This home boasts an abundance of natural light w/ floor to ceiling windows. Meticulously maintained with 3 spacious bedrooms upstairs w/office/den down which could be a fourth bedroom and full bath. Chef's kitchen w/double ovens, wine chiller, Sub Zero refrig., 8 burner natural gas cooktop. Electronic sun shades inside and out and large overhead heater on patio for the cooler evenings. Exceptional outdoor living with mood lighting, fabulous infinity pool area, deluxe BBQ for the chef, and enjoy happy hour touring Lake Serena with your own private boat dock. Beautiful front courtyard greets guests - enjoy AZ outdoor living! ONE NOT TO BE MISSED!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Landings at Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $109k1012k

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

Neighborhood: Landings at Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10183995

* 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
 

$1,237,500$1,512,500$1,375,000

PURCHASE PRICE

$3,996$4,884$4,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,440
EXPENSES Loan Payment -$4,776
Property Tax -$643
Property Insurance -$92
HOA -$95
Property Management Fees -$99
CASH FLOW
-$1,265

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,375,000

PROJECTED PRICE

$4,440

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$370,125

INVESTMENT

$370,125

Down Payment
$343,750
Rehab Estimate
$5,750
Closing Costs
$20,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,776

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $343,750
Loan Amount $1,031,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$8,180

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
  • $4,661

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0903$4,5004$4,8505$5,000
$5,000
RENT COMPS ANALYSIS
  • 10187 E Bayview Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,335 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,335 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10420 N 101st Place Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,090
    • $1.35
    •  
  • 10109 E Topaz Drive Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.31
    •  
  • 9943 E Island Circle Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.37
    •  
  • 10207 N 98th Place Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 1982
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.56
    •  
PROPERTY LISTING DETAILS
Patricia Collins
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188303
Last Updated: 02/06/2021
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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