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10615 E Fernwood Lane Scottsdale, AZ 85262

3 Beds 4 Baths 2,990 sqft Built 1997

$1,049,000

List Price

$4,610

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $350.84
  • 1 Days on Market
  • MLS # : 6186004
  • Updated Date : 01/30/2021 at 23:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,990 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exclusive Properties Of Arizona

Listing Agent's Description

Enjoy city lights, Pinnacle Peak, and golf views from this spectacular desert contemporary home located in the private guard gated community of Desert Mountain. This expanded Juniper home overlooks the 5th fairway of the Apache Golf Course. All bedrooms feature en-suite baths. One bedroom large enough to accommodate two queen beds. Office will built in desk and bookshelves includes a twin murphy bed. Generous covered patio and well-equipped kitchen for cooking and entertaining. New Bullfrog hot tub installed in December 2020. Desert Mountain amenities are for members and members guest only. Recent updates to most of the home. Furniture and accessories available under separate bill of sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $122k1329k

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

Neighborhood: Desert Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000550060006500Rent in $10456509

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$4,149$5,071$4,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,610
EXPENSES Loan Payment -$3,644
Property Tax -$490
Property Insurance -$85
HOA -$42
Property Management Fees -$99
CASH FLOW
$250

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.

$1,049,000

PROJECTED PRICE

$4,610

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,644

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$83,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,610

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $4,814

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,6103$6,000
$6,000
RENT COMPS ANALYSIS
  • 10615 E Fernwood Lane Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 2,990 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,990 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $4,610
    • $1.54
    •  
  • 36927 N 109th Way Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 2011
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.39
    •  
  • 10687 E Fernwood Lane Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.83
    •  
PROPERTY LISTING DETAILS
Nancy Bertschy
Exclusive Properties Of Arizona
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186004
Last Updated: 01/30/2021
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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