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10474 E Candlewood Drive Scottsdale, AZ 85255

5 Beds 5 Baths 4,982 sqft Built 1996

INVESTimate

$1,499,000

List Price

$6,050

$5,800 - $6,300

Rent Est.

$1,515,789  ( +1.12%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $300.88
  • 5 Days on Market
  • MLS # : 6121266
  • Updated Date : 08/25/2020 at 11:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,982 sqft
  • Baths : 4 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautifully remodeled custom home in the gated golf community of Troon Fairways in North Scottsdale. Designed and built by Lablonde homes located on a 3/4 acre cul-de-sac lot neighboring Troon Country Club's private golf course. This 4,982 SF estate has unparalleled views of Pinnacle Peak and Troon Mountain. The kitchen has been fully remodeled with soft close cabinets, quartz countertops, large center prep island, Sub-Zero side-by-side fridge, and wine refrigerator. The living room has a gas fireplace with floor to ceiling windows and a 10' pocket door opening to the back patio for seamless indoor outdoor entertaining. The front courtyard has low maintenance desert landscape and full privacy to enjoy the pool with mountain views.

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
 

$1,349,100$1,648,900$1,499,000

PURCHASE PRICE

$5,445$6,655$6,050

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,050
EXPENSES Loan Payment -$5,531
Property Tax -$700
Property Insurance -$124
HOA -$41
Property Management Fees -$99
CASH FLOW
-$445

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.

$1,499,000

PROJECTED PRICE

$6,050

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.12%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$402,985

INVESTMENT

$402,985

Down Payment
$374,750
Rehab Estimate
$5,750
Closing Costs
$22,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,750
Loan Amount $1,124,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$65,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,050

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $6,452

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$6,050
1$6,0502$6,2503$6,500
$6,500
RENT COMPS ANALYSIS
  • 10474 E Candlewood Drive Scottsdale, 1
    • 5 beds 5 baths ∙ 4,982 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,982 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $6,050
    • $1.21
    •  
  • 10040 E Happy Valley Road #610 Scottsdale, 2
    • 4 beds 5 baths ∙ 4,799 Sqft ∙ Built 1995 4 beds 5 baths ∙ 4,799 Sqft ∙ Built 1995
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,250
    • $1.30
    •  
  • 10040 E Happy Valley Road #1010 Scottsdale, 3
    • 4 beds 5 baths ∙ 5,047 Sqft ∙ Built 2003 4 beds 5 baths ∙ 5,047 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Andrew Gregg
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121266
Last Updated: 08/25/2020
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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