Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10575 E San Salvador Drive Scottsdale, AZ 85258

3 Beds 2 Baths 1,846 sqft Built 1985

$690,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $373.78
  • 2 Days on Market
  • MLS # : 6202279
  • Updated Date : 03/13/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,846 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Amazing 3 bedroom, 2 bath home in Scottsdale Ranch neighborhood. This home as a Beautiful remodeled kitchen with granite countertops ,stainless steel appliances, and breakfast bar. Remodeled bathrooms! New lighting and new Stone work on fireplace. A touch of class with beautiful plantation shutters & french doors. Home also offer's a refreshing pool, and newly remolded covered patio and installed new wiring for 220 supply for Spa. Grass backyard with fruit trees, a 2 car garage. Seller had the home completely remodeled and updated with intent to live on property -- too many updates to list. Must be seen to be appreciated!

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
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,397
Property Tax -$323
Property Insurance -$63
HOA -$3
Property Management Fees -$99
CASH FLOW
-$214

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.

$690,000

PROJECTED PRICE

$2,670

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$24,475

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
  • $2,829

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,7004$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 10575 E San Salvador Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10060 E San Bernardo Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1986
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.44
    •  
  • 10053 E San Bernardo Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1986
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.42
    •  
  • 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
Archie Dean
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202279
Last Updated: 03/13/2021
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.

BESbswy