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10463 E Karen Drive Scottsdale, AZ 85255

4 Beds 3 Baths 2,132 sqft Built 1999

$680,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $318.95
  • 3 Days on Market
  • MLS # : 6208063
  • Updated Date : 03/21/2021 at 02:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,132 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Located in beautiful McDowell Mountain Ranch, this lovely 4 Bedroom/3 Bath home features a completely remodeled interior with quartz counter tops in the kitchen and bathrooms. Private backyard with extended covered patio, built in BBQ and a cozy fire pit is perfect for entertaining. Situated on a North/South exposure lot in a quiet cul de sac this home is close to schools, freeway, shopping and restaurants. Enjoy a relaxing day at the nearby golf course or on the many hiking and biking trails in the beautiful McDowell Mountains.

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
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,362
Property Tax -$416
Property Insurance -$69
HOA -$14
Property Management Fees -$99
CASH FLOW
-$380

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.

$680,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.38%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,845

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,580

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,558

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4253$2,5804$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 10463 E Karen Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.21
    •  
  • 15692 N 104th Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.22
    •  
  • 10454 E Texas Sage Lane Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.14
    •  
  • 10318 E Raintree Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1998
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.22
    •  
  • 10311 E Raintree Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1998
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.22
    •  
PROPERTY LISTING DETAILS
Bonnie Calandra
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208063
Last Updated: 03/21/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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