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10207 E Salt Bush Drive Scottsdale, AZ 85255

3 Beds 2 Baths 1,604 sqft Built 1997

$564,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $352.18
  • 3 Days on Market
  • MLS # : 6176096
  • Updated Date : 01/03/2021 at 01:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Stunning 3 bd,2 bth Remodel in highly sought after McDowell Mountain Ranch on large cul-de-sac lot features luxury kitchen w/natural stone Quartzite counters,gorgeous white shaker soft-close cabinets w/full ext. drawers & crown molding,stainless steel appliances,large island w/brkfst bar & Farmhouse sink.Over $125k in upgrades!Exquisite home offers vaulted ceiling,stylish wood tile floors,new carpet,recessed lighting,new fixtures,Nest smart thermostat/fire alarm,modern baths & plantation shutters.Spacious mstr boasts delightful new bathroom,ample closet space & door to patio.Amazing backyard w/lovely paver patio,built-in BBQ w/bar seating,real & artificial grass area & huge raised firepit/seating area.HVAC (2018),fresh ext.paint.Epoxy floor,sharp cabinets,new water heater/opener in garage!

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
 

$508,410$621,390$564,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,084
Property Tax -$346
Property Insurance -$58
HOA -$14
Property Management Fees -$99
CASH FLOW
-$291

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.

$564,900

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) 3.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,449

INVESTMENT

$155,449

Down Payment
$141,225
Rehab Estimate
$5,750
Closing Costs
$8,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,225
Loan Amount $423,675
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$16,093

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
  • $2,310

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,2004$2,3905$2,400
$2,400
RENT COMPS ANALYSIS
  • 10207 E Salt Bush Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10111 E Tierra Buena Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1998
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.35
    •  
  • 10311 E Morning Star Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.42
    •  
  • 15841 N 102nd Place Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1997
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.49
    •  
  • 10224 E Firewheel Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
PROPERTY LISTING DETAILS
William Johannes
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176096
Last Updated: 01/03/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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