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10511 E Skinner Drive Scottsdale, AZ 85262

4 Beds 6 Baths 4,309 sqft Built 2002

$1,499,900

List Price

$5,980

$5.7K - $6.2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $348.09
  • 3 Days on Market
  • MLS # : 6154807
  • Updated Date : 11/01/2020 at 17:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,309 sqft
  • Baths : 6 full
Listing Agent

Walt Danley Christie's International Real Estate

Listing Agent's Description

This custom home is situated on a spacious mountain view lot in guard gated golf community of Candlewood of Troon North. The home includes many custom features and high end finishes. The inviting floor plan includes 4 ensuite bedrooms, one being utilized as an office, chef's kitchen w/ Viking & Sub Zero appliances, 3 Cantera Stone fireplaces and a 4 car garage with storage. The Master suite includes a sitting area, private patio & view deck w/mtn & city light views. The SE facing wrap around patio with fireplace, outdoor kitchen & dining areas. The south facing heated pool and spa and the lush landscaping add to a delightful outdoor living experience. SEE VIDEO IN PHOTO TAB and HOME HIGHLIGHTS IN DOCUMENT TAB.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Candlewood Estates at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k961k

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

Neighborhood: Candlewood Estates at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454169

* 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
 

$1,349,910$1,649,890$1,499,900

PURCHASE PRICE

$5,382$6,578$5,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,980
EXPENSES Loan Payment -$5,534
Property Tax -$700
Property Insurance -$111
HOA -$13
Property Management Fees -$99
CASH FLOW
-$478

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.

$1,499,900

PROJECTED PRICE

$5,980

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.7%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,224

INVESTMENT

$403,224

Down Payment
$374,975
Rehab Estimate
$5,750
Closing Costs
$22,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,975
Loan Amount $1,124,925
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$63,593

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
  • $6,313

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,0003$8,500
$8,500
RENT COMPS ANALYSIS
  • 10511 E Skinner Drive Scottsdale, AZ 1
    • 4 beds 6 baths ∙ 4,309 Sqft ∙ Built 2002 4 beds 6 baths ∙ 4,309 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11557 E Four Peaks Road Scottsdale, AZ 2
    • 5 beds 6 baths ∙ 4,587 Sqft ∙ Built 2002 5 beds 6 baths ∙ 4,587 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.09
    •  
  • 25939 N 104th Way Scottsdale, AZ 3
    • 4 beds 5 baths ∙ 4,621 Sqft ∙ Built 1993 4 beds 5 baths ∙ 4,621 Sqft ∙ Built 1993
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $1.84
    •  
PROPERTY LISTING DETAILS
Mike Domer
Walt Danley Christie's International Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154807
Last Updated: 11/01/2020
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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