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10401 N 100th Street #2 Scottsdale, AZ 85258

4 Beds 4 Baths 3,671 sqft Built 1985

$1,750,000

List Price

$4,900

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $476.71
  • 100 Days on Market
  • MLS # : 6141350
  • Updated Date : 01/07/2021 at 21:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,671 sqft
  • Baths : 4 full
Listing Agent

Realty Executives

Listing Agent's Description

Truly the Best View Lot on Lake Serena! This exquisite one-of-a-kind, waterfront home is situated on TWO lots - just under half an acre of waterfront property offering extraordinary lake views.This single-level home features a formal living and dining area, wood-paneled office, 4 fireplaces, and a spacious master suite! Floor-to-ceiling glass windows offer amazing panoramic views of the sparkling blue pool and the lake beyond. Set sail or enjoy the sunsets from the new 12'x 16' private boat dock. Three-car-garage features new epoxy flooring. The 600 square foot guest house with private entrance boasts a fully functional kitchen, dining area/breakfast nook, family room, and master suite with a full bathroom! Come see this spectacular home with unmatched waterfront views today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bayview Drive East

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $109k1427k

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

Neighborhood: Bayview Drive East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10184868

* 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
 

$1,575,000$1,925,000$1,750,000

PURCHASE PRICE

$4,410$5,390$4,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,900
EXPENSES Loan Payment -$6,078
Property Tax -$818
Property Insurance -$110
HOA -$33
Property Management Fees -$99
CASH FLOW
-$2,239

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.

$1,750,000

PROJECTED PRICE

$4,900

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$469,500

INVESTMENT

$469,500

Down Payment
$437,500
Rehab Estimate
$5,750
Closing Costs
$26,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,078

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $437,500
Loan Amount $1,312,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$788

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
  • $4,944

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$4,6004$5,0005$5,400
$5,400
RENT COMPS ANALYSIS
  • 10401 N 100th Street #2 Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 4,271 Sqft ∙ Built 1985 4 beds 4 baths ∙ 4,271 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10633 E Terra Drive Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 3,976 Sqft ∙ Built 1986 5 beds 4 baths ∙ 3,976 Sqft ∙ Built 1986
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.13
    •  
  • 8501 E Cholla Street Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 4,287 Sqft ∙ Built 1970 4 beds 4 baths ∙ 4,287 Sqft ∙ Built 1970
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.07
    •  
  • 10401 N 100th Street #9 Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 4,006 Sqft ∙ Built 1987 5 beds 5 baths ∙ 4,006 Sqft ∙ Built 1987
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.25
    •  
  • 11262 E Beryl Avenue Scottsdale, AZ 5
    • 5 beds 4 baths ∙ 4,591 Sqft ∙ Built 1993 5 beds 4 baths ∙ 4,591 Sqft ∙ Built 1993
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $1.18
    •  
PROPERTY LISTING DETAILS
Mitch J Kapanicas
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6141350
Last Updated: 01/07/2021
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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