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10258 E Gold Dust Avenue Scottsdale, AZ 85258

3 Beds 2 Baths 2,313 sqft Built 1991

INVESTimate

$950,000

List Price

$3,360

$3,110 - $3,610

Rent Est.

$987,050  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $410.72
  • 9 Days on Market
  • MLS # : 6117516
  • Updated Date : 08/21/2020 at 17:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,313 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Welcome to this gorgeous lake front property! Beautiful wood floors, soaring ceilings, soft color palette and Plantation Shutters. Spacious open floor plan. The family room has a gorgeous stacked stone floor to ceiling fireplace. Formal living & dining. The beautiful kitchen has espresso cabinets, gorgeous granite counters, breakfast bar, Island with electric cook top. Wall mount oven & microwave. Large laundry has tons of storage and a sink. Generous sized bedrooms have carpet & ceiling fans. Owners suite has a private entrance, full bath that includes a large double vanity,soaking tub, with tile surround,separate shower and walk-in closet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Waterfront at Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $109k925k

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

Neighborhood: Waterfront at Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10183716

* 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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

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

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 $3,360
EXPENSES Loan Payment -$3,505
Property Tax -$444
Property Insurance -$72
HOA -$231
Property Management Fees -$99
CASH FLOW
-$992

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.

$950,000

PROJECTED PRICE

$3,360

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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$4,753

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
  • $3,441

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,1004$3,3505$3,600
$3,600
RENT COMPS ANALYSIS
  • 10258 E Gold Dust Avenue Scottsdale, 1
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9804 N 100th Place Scottsdale, 2
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.46
    •  
  • 13179 N 101st Place Scottsdale, 3
    • 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 1988
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.47
    •  
  • 10333 E Caron Street Scottsdale, 4
    • 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
    •  
  • 10675 E Cinnabar Avenue Scottsdale, 5
    • 3 beds 2 baths ∙ 2,252 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,252 Sqft ∙ Built 1986
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.60
    •  
PROPERTY LISTING DETAILS
Teresa M Herriot
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117516
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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