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10667 E Skinner Drive Scottsdale, AZ 85262

5 Beds 6 Baths 5,793 sqft Built 2002

$1,899,000

List Price

$6,950

$6.7K - $7.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $327.81
  • 3 Days on Market
  • MLS # : 6154930
  • Updated Date : 11/02/2020 at 08:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,793 sqft
  • Baths : 5 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Majestic Views of Pinnacle Peak, Mountains, Golf, City Lights & breath-taking AZ Sunsets boast this soft contemporary located in the guard-gated community of Candlewood at Troon North. Situated on .52 acres and located on the 17th hole of the Pinnacle Course. Spacious 5 Bedroom/5.5 Baths w/desirable open Great Room w/Master Suite & Office w/built-ins on main floor. New wood floors. Kitchen w/gas cook top, slab granite counter tops, island & breakfast bar & area. Great Room w/gas FP, wood entertainment ctr. Formal Dining. Family Room w/wet bar. Master Suite w/FP, sep sitting/exercise room & dual closets. Mini Master w/FP & observation deck. Guest House w/Kitchen area & FP. Entertain in your own private resort Backyard w/heated pool, spa, wtr ftr, fire pit, BBQ, misters, heaters & fans.

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
 

$1,709,100$2,088,900$1,899,000

PURCHASE PRICE

$6,255$7,645$6,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,950
EXPENSES Loan Payment -$7,006
Property Tax -$909
Property Insurance -$140
HOA -$13
Property Management Fees -$99
CASH FLOW
-$1,217

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.

$1,899,000

PROJECTED PRICE

$6,950

PROJECTED RENT

0.37%

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$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k$0.0$20k$40k$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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$508,985

INVESTMENT

$508,985

Down Payment
$474,750
Rehab Estimate
$5,750
Closing Costs
$28,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,006

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $474,750
Loan Amount $1,424,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$36,900

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
  • $7,589

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8,000
$8,000
RENT COMPS ANALYSIS
  • 10667 E Skinner Drive Scottsdale, AZ 1
    • 5 beds 6 baths ∙ 5,793 Sqft ∙ Built 2002 5 beds 6 baths ∙ 5,793 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 27364 N 97th Place Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 6,093 Sqft ∙ Built 2009 4 beds 5 baths ∙ 6,093 Sqft ∙ Built 2009
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $1.31
    •  
PROPERTY LISTING DETAILS
Katie Dabe
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154930
Last Updated: 11/02/2020
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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