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10550 E San Salvador Drive Scottsdale, AZ 85258

3 Beds 2 Baths 2,046 sqft Built 1986

$859,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $419.84
  • 3 Days on Market
  • MLS # : 6209695
  • Updated Date : 03/20/2021 at 20:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,046 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Santa Barbara meets modern in this spectacular, move-in ready home in the heart of the highly sought after Scottsdale Ranch Community. No expense was spared in this highly upgraded designer remodel ''smart'' home! Perfect open-concept, split floor plan with vaulted ceilings is light, bright and highly energy efficient with all new double pane, Low-e windows including 2 double French doors all featuring custom plantation shutters. Large plank wood grain tile throughout, no carpet in this stunning home! Delight in the dramatic floor to ceiling stacked stone two way fireplace. Modern, open kitchen with 42'' upper backlit, soft close cabinets and drawers, Quartz countertops, tile backsplash, pot filler and stainless steel appliances. Don't miss the handcrafted tiles in the spacious master suit

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
 

$773,100$944,900$859,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,984
Property Tax -$402
Property Insurance -$67
HOA -$3
Property Management Fees -$99
CASH FLOW
-$704

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.

$859,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.33%

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

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$233,385

INVESTMENT

$233,385

Down Payment
$214,750
Rehab Estimate
$5,750
Closing Costs
$12,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,984

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $214,750
Loan Amount $644,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,243

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $3,043

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$2,699
1$2,6992$2,8503$3,0004$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 10550 E San Salvador Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.39
    •  
  • 10563 E Carol Avenue Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 1988
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $1.23
    •  
  • 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
    •  
  • 10506 E Cinnabar Avenue Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1989
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.68
    •  
  • 10576 E Caron Street Scottsdale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Valerie Stout
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209695
Last Updated: 03/20/2021
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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