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10309 E Joy Ranch Road Scottsdale, AZ 85262

4 Beds 4 Baths 3,905 sqft Built 2020

INVESTimate

$950,000

List Price

$3,580

$3,330 - $3,830

Rent Est.

$974,320  ( +2.56%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $243.28
  • 10 Days on Market
  • MLS # : 6118814
  • Updated Date : 08/24/2020 at 15:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,905 sqft
  • Baths : 4 full
Listing Agent

Network Realty

Listing Agent's Description

Highly upgraded to be built home. 5 bedroom plus casita. 2 car side entry garage and a 22'x50' RV garage (parks 4 cars)! Large patio, 13' ceilingsGrand kitchen island. upgraded 42'' cabinets with a full overlay and hardware. master bath has custom enlarged shower with frameless 3/8'' glass surrounds and free standing tub. . Elegant tile flooring. 8 ft. interior doors and 4 1/4 in. baseboards.Garage service door. 2 tone interior paint. $75,000 allowance for exterior elevation. Optional extended stay suite with a kitchen. 16'x8' double slider at great room. 2x6 construction. Plus much more.

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PRICE & RENT TRENDS

Neighborhood: Desert Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $122k1329k

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

Neighborhood: Desert Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000550060006500Rent in $10456509

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

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

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,505
Property Tax -$444
Property Insurance -$103
HOA -$244
Property Management Fees -$99
CASH FLOW
-$815

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$950,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.56%
Maintenance Year (1-5) 3.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$253,750

INVESTMENT

$253,750

Down Payment
$237,500
Rehab Estimate
$2,000
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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

1.42

YEARS SAVED

$7,918

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
  • $4,881

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,7003$5,000
$5,000
RENT COMPS ANALYSIS
  • 10309 E Joy Ranch Road Scottsdale, 1
    • 4 beds 4 baths ∙ 3,905 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,905 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9910 E Allison Way Scottsdale, 2
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.17
    •  
  • 9671 E Horizon Drive Scottsdale, 3
    • 4 beds 5 baths ∙ 3,770 Sqft ∙ Built 2013 4 beds 5 baths ∙ 3,770 Sqft ∙ Built 2013
    property image
    LEASED 04/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.33
    •  
PROPERTY LISTING DETAILS
Warren Petersen
Network Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118814
Last Updated: 08/24/2020
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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