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10482 E Karen Drive Scottsdale, AZ 85255

3 Beds 2 Baths 1,702 sqft Built 2000

$599,998

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $352.53
  • 1 Days on Market
  • MLS # : 6258713
  • Updated Date : 07/13/2021 at 18:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,702 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This is it! Recently updated, move in ready home in McDowell Mountain Ranch. Inside you'll notice plantation shutters, gorgeous wood-like flooring, lrg baseboards, vaulted ceilings & open floor plan. The kitchen is fully updated w/white cabinets, newer stainless appliances, water filtration system, & quartz counter tops. The primary bedroom is spacious w/large walk in closet & built ins. The primary bathroom has dbl sinks, soaking tub, granite counter tops & a large beautiful shower. Out back-Soothing waterfall feature, covered patio, low maintenance brick pavers, & gas stub for a bbq. It's a short walk to the community center w/heated pool/spa, tennis, basketball, volleyball and playground. AC is only 1.5 yrs old! *All info important to Buyer including schools to be verified by Buyer*

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
 

$539,998$659,998$599,998

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,084
Property Tax -$367
Property Insurance -$60
HOA -$14
Property Management Fees -$99
CASH FLOW
-$124

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.

$599,998

PROJECTED PRICE

$2,500

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,749

INVESTMENT

$164,749

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$24,587

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,502

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4954$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 10482 E Karen Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.47
    •  
  • 15662 N 102nd Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1996
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.49
    •  
  • 15136 N 102nd Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1999
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.42
    •  
  • 10313 E Karen Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1999
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.36
    •  
  • 10321 E Karen Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 2000
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.61
    •  
PROPERTY LISTING DETAILS
Monica Crowell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6258713
Last Updated: 07/13/2021
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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