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10504 E Bella Vista Drive Scottsdale, AZ 85258

3 Beds 2 Baths 1,684 sqft Built 1985

$495,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $293.94
  • 3 Days on Market
  • MLS # : 6156893
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,684 sqft
  • Baths : 2 full
Listing Agent

Tru Realty

Listing Agent's Description

Single-Level Living In An Outstanding Location! Secure your very own slice of Scottsdale Ranch in this charming home featuring tile & laminate wood flooring throughout - no carpet & no steps! Well laid out, eat-in kitchen w/ granite countertops & breakfast bar offers plenty of storage & prep space. Spacious main bedroom has a large en-suite bath, walk-in closet & access to patio w/security screen. 2nd bedroom has direct access to the light & bright hall bath. You will love the backyard privacy as well the large covered patio, sun shades & lush landscaping. Easy access to 101, 4 mi to BASIS, 5 mi to Mayo Clinic, & close proximity to dining & shopping. Whether you are starting out or sizing down, don't miss your chance to live in this coveted central Scottsdale neighborhood!

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,826
Property Tax -$232
Property Insurance -$60
HOA -$3
Property Management Fees -$99
CASH FLOW
$90

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.

$495,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$45,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,307

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2503$2,3104$2,3755$2,700
$2,700
RENT COMPS ANALYSIS
  • 10504 E Bella Vista Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.37
    •  
  • 9210 N 104th Place Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1985
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.29
    •  
  • 10487 E Fanfol Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1993
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.48
    •  
  • 10074 E Calle De Cielo Circle Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1985
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.29
    •  
  • 10053 E San Bernardo Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1986
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.42
    •  
PROPERTY LISTING DETAILS
Kerry Tishuck
Tru Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156893
Last Updated: 11/13/2020
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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