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10198 E Bayview Drive Scottsdale, AZ 85258

3 Beds 3 Baths 2,674 sqft Built 1996

INVESTimate

$998,000

List Price

$3,520

$3,270 - $3,770

Rent Est.

$1,036,922  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $373.22
  • 5 Days on Market
  • MLS # : 6121048
  • Updated Date : 08/21/2020 at 21:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,674 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gemma Kaye-hudson

Listing Agent's Description

First time on the market for this one owner luxury waterfront home overlooking beautiful Lake Serena. Master bedroom and full bathroom situated downstairs. Soaring floor to ceiling windows offer magnificent views of the lake from both formal dining and great rooms. Kitchen remodeled in 2017 with brand new appliances and granite counter tops. Property boasts extensive mountain views from second story loft with balcony access where you can enjoy breathtaking sunrises and sunsets in all directions. Loft/bonus room comes complete with cozy seating area, second fireplace and wet bar for multi functional living. Enjoy the great outdoors that includes private pool, front and rear patio seating areas, complete with built-in BBQ and private boat dock for lake access open to residents only.

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
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$3,682
Property Tax -$490
Property Insurance -$79
HOA -$252
Property Management Fees -$99
CASH FLOW
-$1,083

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.

$998,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $3,356

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1953$3,3004$3,5205$3,900
$3,900
RENT COMPS ANALYSIS
  • 10198 E Bayview Drive Scottsdale, 4
    • 3 beds 3 baths ∙ 2,674 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,674 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.32
    •  
  • 10853 E Palomino Road Scottsdale, 1
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1987
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.22
    •  
  • 10031 E Jenan Drive Scottsdale, 2
    • 3 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.20
    •  
  • 9665 E Cochise Drive Scottsdale, 3
    • 3 beds 3 baths ∙ 2,917 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,917 Sqft ∙ Built 1985
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.13
    •  
  • 9816 E Cinnabar Avenue Scottsdale, 5
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.47
    •  
PROPERTY LISTING DETAILS
Gemma L Kaye-hudson
Gemma Kaye-hudson
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121048
Last Updated: 08/21/2020
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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