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10197 E Paradise Drive Scottsdale, AZ 85260

4 Beds 3 Baths 3,614 sqft Built 1987

$1,000,000

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $276.70
  • 4 Days on Market
  • MLS # : 6159985
  • Updated Date : 11/21/2020 at 08:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,614 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Your Paradise on Paradise. Located in Scottsdale's desirable Cactus Corridor. Situated on an over-sized private corner lot in Rosalee Ranch. This amazing opportunity awaits the right buyer looking to customize their perfect dream home. Set back from the road for ultimate privacy & tranquility. Enter into sweeping vaulted ceilings with exposed beams & a double-sided fireplace to enjoy Arizona's cool winter nights. A spacious master suite right located steps to the pool & spa. A backyard oasis awaits with an amazing patio and ample space to create the customized space you have dreamed of. Let your dreams & creativity wild & come share in the vision of what your next luxury Scottsdale home can be. You will be disappointed if you let this one slip away, schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rosalee Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $122k1012k

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

Neighborhood: Rosalee Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454717

* 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
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$3,690
Property Tax -$507
Property Insurance -$98
HOA -$3
Property Management Fees -$99
CASH FLOW
-$136

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.

$1,000,000

PROJECTED PRICE

$4,260

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$59,448

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,260

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $4,536

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,2603$4,4004$4,5005$4,850
$4,850
RENT COMPS ANALYSIS
  • 10197 E Paradise Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,614 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,614 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,260
    • $1.18
    •  
  • 9816 E Kalil Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.20
    •  
  • 10800 E Cactus Road #25 Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 1992
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.14
    •  
  • 10109 E Topaz Drive Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.31
    •  
  • 9943 E Island Circle Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.37
    •  
PROPERTY LISTING DETAILS
Gordon Hageman
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159985
Last Updated: 11/21/2020
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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