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10187 E San Salvador Drive Scottsdale, AZ 85258

4 Beds 3 Baths 2,677 sqft Built 1983

$734,900

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $274.52
  • 4 Days on Market
  • MLS # : 6154745
  • Updated Date : 11/25/2020 at 20:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,677 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

BLACK FRIDAY PROMOTION!! Use the coupon attached when placing an offer on this property to receive $10,000 off the listed price!! AMAZING, lush curb appeal!!!!! RECENTLY REMODELED 4 bedroom, 3 bath on a cul-de-sac lot in the highly sought after Scottsdale Ranch subdivision IS A MUST SEE! An inviting courtyard with water feature welcomes you home. Two-story windows and soaring ceilings greet you as your enter this remodeled home. A separate living room and dining room gives you plenty of room for the family to spread-out. Updated chef's kitchen features Quartz countertops, kitchen island with breakfast bar for additional seating, stainless steel appliances, tile backsplash, refinished cabinets and opens up to a breakfast room. All 3 bathrooms have been

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k666k

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

Neighborhood: Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453231

* 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
 

$661,410$808,390$734,900

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$2,711
Property Tax -$344
Property Insurance -$79
HOA -$3
Property Management Fees -$99
CASH FLOW
$124

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.

$734,900

PROJECTED PRICE

$3,360

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$200,499

INVESTMENT

$200,499

Down Payment
$183,725
Rehab Estimate
$5,750
Closing Costs
$11,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,711

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,725
Loan Amount $551,175
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$66,564

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
  • $3,554

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,3504$3,4005$3,800
$3,800
RENT COMPS ANALYSIS
  • 10187 E San Salvador Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10853 E Palomino Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1987
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.30
    •  
  • 10333 E Caron Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1986
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.42
    •  
  • 9135 N 106th Place Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 2,924 Sqft ∙ Built 1988 3 beds 4 baths ∙ 2,924 Sqft ∙ Built 1988
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.16
    •  
  • 9816 E Cinnabar Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.43
    •  
PROPERTY LISTING DETAILS
Kelly Cook
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154745
Last Updated: 11/25/2020
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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