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10686 E Bella Vista Drive Scottsdale, AZ 85258

3 Beds 2 Baths 2,093 sqft Built 1988

$720,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $344.00
  • 3 Days on Market
  • MLS # : 6163261
  • Updated Date : 11/21/2020 at 13:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,093 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Owner/Agent. This wonderful Golden Heritage 3 bed 2 bath home is the perfect size and location for a lock and leave property at Scottsdale Ranch. The corner lot affords you a large private yard with a 30x12 covered patio with mature landscaping. Complete with its own Spool. The Master has a sitting room /Office with its own private patio .An area to plant your own Garden etc.The bedrooms are split to allow for privacy. A formal living/dining room with its own fireplace .The kitchen with a sub zero frig and SS appliances. Granite counter tops /tons of new lighting /freshly painted inside and out. Gas available w stub to kitchen. New washer and dryer.Garage workbench and Cabinets new. Spool heater new. Outside tv. Outside shades. Herringbone TIle floors throughout. Tall baseboards! Loads of

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountainview Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k533k

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

Neighborhood: Mountainview Village

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
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
 

$648,000$792,000$720,000

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 -$2,656
Property Tax -$337
Property Insurance -$68
HOA -$87
Property Management Fees -$99
CASH FLOW
-$397

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.

$720,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$19,019

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
  • $3,014

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,8504$3,2505$3,600
$3,600
RENT COMPS ANALYSIS
  • 10686 E Bella Vista Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10551 E Fanfol Lane Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 1984
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.21
    •  
  • 10688 E Bella Vista Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1988
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.36
    •  
  • 10576 E Caron Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1985
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.59
    •  
  • 10675 E Cinnabar Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,252 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,252 Sqft ∙ Built 1986
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.60
    •  
PROPERTY LISTING DETAILS
Mary M Moore
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163261
Last Updated: 11/21/2020
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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