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10484 E Quartz Rock Road Scottsdale, AZ 85255

5 Beds 4 Baths 5,028 sqft Built 1997

$1,799,000

List Price

$8,300

$8.1K - $8.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $357.80
  • 2 Days on Market
  • MLS # : 6178955
  • Updated Date : 01/09/2021 at 17:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,028 sqft
  • Baths : 4 full
Listing Agent

Sonoran Properties Associates

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, Pinnacle Peak and city lights. Completely remodeled 5,028 sq. ft. masterpiece! This beautiful home sits on half acre plus lot with explosive 360 degree views! With an abundance of natural light and windows you will fall in love with this meticulous designed home. Providing a highly functional floor-plan offering 4/5 bedroom suites and combines quality, attention to detail, warmth, functionality. There are so many exceptional features in this home. Three car split garage with workshop, new roof, pool resurfaced, exterior paint, remodeled interior! Floor attached in documents tab.

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
 

$1,619,100$1,978,900$1,799,000

PURCHASE PRICE

$7,470$9,130$8,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $8,300
EXPENSES Loan Payment -$6,249
Property Tax -$840
Property Insurance -$125
HOA -$7
Property Management Fees -$99
CASH FLOW
$981

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.

$1,799,000

PROJECTED PRICE

$8,300

PROJECTED RENT

0.46%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k$100k

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,485

INVESTMENT

$482,485

Down Payment
$449,750
Rehab Estimate
$5,750
Closing Costs
$26,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$6,249

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $449,750
Loan Amount $1,349,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$200,892

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
  • $6,511

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,2503$6,500
$6,500
RENT COMPS ANALYSIS
  • 10484 E Quartz Rock Road Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 5,028 Sqft ∙ Built 1997 5 beds 4 baths ∙ 5,028 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10040 E Happy Valley Road #610 Scottsdale, AZ 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, AZ 3
    • 4 beds 5 baths ∙ 5,047 Sqft ∙ Built 2003 4 beds 5 baths ∙ 5,047 Sqft ∙ Built 2003
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Robert Lontkowski
Sonoran Properties Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178955
Last Updated: 01/09/2021
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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