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10468 E Quartz Rock Road Scottsdale, AZ 85255

4 Beds 4 Baths 3,560 sqft Built 1992

$1,100,000

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $308.99
  • 3 Days on Market
  • MLS # : 6155350
  • Updated Date : 11/07/2020 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,560 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Custom Territorial Santa Fe home in gated Troon Fairways. Home is situated perfectly to take advantage of expansive views of Troon Mountain. Unique floor plan includes main residence with 3 bedrooms and 3 baths plus a detached casita with additional bedroom and bath, perfect for guests or home office. Great room offers combined living and dining areas with high ceilings, wood burning fireplace, and a wall of windows overlooking pool and mountain views. Kitchen features granite countertops, gas cooktop, double ovens, and 2 pantries. Cozy family room off of kitchen with second wood burning fireplace and slider opening to covered patio space with built-in BBQ. Split master bedroom with luxurious bath including soaking tub, walk-in shower, dual vanities, and custom built-ins. A must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Troon Fairways

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $122k1070k

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

Neighborhood: Troon Fairways

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454835

* 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 Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$4,059
Property Tax -$514
Property Insurance -$97
HOA -$7
Property Management Fees -$99
CASH FLOW
-$534

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,100,000

PROJECTED PRICE

$4,240

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$32,822

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
  • $3,961

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,5004$4,0005$4,250
$4,250
RENT COMPS ANALYSIS
  • 10468 E Quartz Rock Road Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,560 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,560 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10894 E Hedgehog Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 2002
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.02
    •  
  • 27892 N 108th Way Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 1998
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.08
    •  
  • 25807 N 104th Way Scottsdale, AZ 4
    • 3 beds 5 baths ∙ 3,694 Sqft ∙ Built 1995 3 beds 5 baths ∙ 3,694 Sqft ∙ Built 1995
    property image
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.08
    •  
  • 10080 E Buckskin Trail Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 3,347 Sqft ∙ Built 1990 3 beds 4 baths ∙ 3,347 Sqft ∙ Built 1990
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.27
    •  
PROPERTY LISTING DETAILS
Michael J. Misheski
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155350
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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