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10321 E Acoma Drive Scottsdale, AZ 85255

5 Beds 3 Baths 3,064 sqft Built 1999

$788,800

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $257.44
  • 2 Days on Market
  • MLS # : 6155635
  • Updated Date : 11/07/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,064 sqft
  • Baths : 3 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Beautifully remodeled home situated at the end of a cul-de-sac backing the golf course in McDowell Mountain Ranch. Bright & open floor plan, perfect for entertaining. Tastefully manicured back yard with pool, grassy play area and view fencing looking out to golf course.Updates include: KItchen remodeled with refinished-white cabinets, stainless appliances and designer back splash, wood look tile-plank floors throughout (except bedrooms,) family room with reclaimed wood entertainment nook w/backlighting, all bathrooms remodeled with quartz counters, master bath with separate custom tiled shower and free-standing tub, quartz counters and chandelier, large walk in closet with california closet organizers, Both HVAC units have been replaced. (See documents for detailed list of updates.)

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
 

$709,920$867,680$788,800

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$2,910
Property Tax -$483
Property Insurance -$87
HOA -$14
Property Management Fees -$99
CASH FLOW
-$263

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.

$788,800

PROJECTED PRICE

$3,330

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,782

INVESTMENT

$214,782

Down Payment
$197,200
Rehab Estimate
$5,750
Closing Costs
$11,832

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,910

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,200
Loan Amount $591,600
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$32,274

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
  • $3,301

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,2004$3,2955$4,000
$4,000
RENT COMPS ANALYSIS
  • 10321 E Acoma Drive Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,064 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,064 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9739 E Sheena Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 2,955 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,955 Sqft ∙ Built 1996
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.96
    •  
  • 13080 N 102nd Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1987
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.02
    •  
  • 10334 E Acoma Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1999
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.08
    •  
  • 9669 E Davenport Drive Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Christine M Espinoza
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155635
Last Updated: 11/07/2020
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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