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10492 E Bella Vista Drive Scottsdale, AZ 85258

4 Beds 2 Baths 2,121 sqft Built 1985

$750,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $353.61
  • 3 Days on Market
  • MLS # : 6195965
  • Updated Date : 02/19/2021 at 23:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,121 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Beautifully updated and ready for move-in! This Scottsdale Ranch home has it all! Over 125K in upgrades. New everything--ext. paint, tile and wood flooring and bathrooms. Gourmet kitchen features top of the line Bosch appliances--built in fridge and side door opening double ovens. Recently updated pebble sheen pool with new pool pump & and cleaner. New landscaping in backyard includes travertine and turf. Perfect for outdoor living! Four bedrooms. Great entertaining floor plan with formal living & dining plus open kitchen and family rooms for everyday use. New HVAC 2018. Close to dining, shopping and healthcare. Do not miss out--this one will go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k666k

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

Neighborhood: Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453231

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,605
Property Tax -$351
Property Insurance -$69
HOA -$3
Property Management Fees -$99
CASH FLOW
-$226

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.

$750,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$27,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $3,139

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$3,0004$3,2505$3,350
$3,350
RENT COMPS ANALYSIS
  • 10492 E Bella Vista Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.37
    •  
  • 9804 N 100th Place Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.46
    •  
  • 10203 N 101st Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1985
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.45
    •  
  • 10576 E Caron Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1985
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.59
    •  
  • 10333 E Caron Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1986
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.42
    •  
PROPERTY LISTING DETAILS
Shawn R Jardine
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195965
Last Updated: 02/19/2021
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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