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

10636 E Tierra Buena Lane Scottsdale, AZ 85255

3 Beds 2 Baths 1,972 sqft Built 1996

$655,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $332.15
  • 3 Days on Market
  • MLS # : 6203209
  • Updated Date : 03/06/2021 at 06:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,972 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

New Roof 2019 and A/C 2014 on this single level home in desirable McDowell Mountain Ranch. This home was plenty of room for a staycation. Oversized Cul-de-Sac lot (11,000) with a Pebble-Tec pool/water feature, covered patio and McDowell Mountain views. Three bedrooms plus den, formal Living Room/Dining combo. Great Room has fireplace & eat-in kitchen with black appliances. Bathrooms have been updated with new lighting and faucets. Custom paint, a nice combination of tile and hand scrapped wood flooring in the family spaces and carpeted bedrooms. Laundry feature front loading W/D, storage and sink. A three-car garage with built-in cabinets, work bench provide extra storage and a separate exit.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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 Canyon Elementary School Primary Regular 503 25 10
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Desert Canyon Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
10
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$589,500$720,500$655,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,275
Property Tax -$401
Property Insurance -$66
HOA -$14
Property Management Fees -$99
CASH FLOW
-$424

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.

$655,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,325

INVESTMENT

$179,325

Down Payment
$163,750
Rehab Estimate
$5,750
Closing Costs
$9,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,275

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $163,750
Loan Amount $491,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,326

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
  • $2,440

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,4004$2,4505$2,495
$2,495
RENT COMPS ANALYSIS
  • 10636 E Tierra Buena Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10520 E Firewheel Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1997
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.22
    •  
  • 15692 N 104th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.22
    •  
  • 10453 E Hillery Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.15
    •  
  • 10313 E Karen Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1999
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.36
    •  
PROPERTY LISTING DETAILS
Scott Reid
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203209
Last Updated: 03/06/2021
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