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10686 E Rosemary Lane Scottsdale, AZ 85255

3 Beds 2 Baths 2,068 sqft Built 1995

$770,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $372.34
  • 3 Days on Market
  • MLS # : 6209196
  • Updated Date : 03/19/2021 at 00:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,068 sqft
  • Baths : 2 full
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

Beautiful & spotless 3 bedroom, two full bathroom home nestled in the quiet and friendly McDowell Mountain Ranch, at the foot of Thompson peak. Features include City Views just a few minutes' walk from Community Center, pool and courts as well as Gateway 104th street trail head, only a short ( 1 mile) drive from all amenities. The house boasts a bright, efficient and open floor plan, featuring high quality (wood and travertine) floor coverings with granite kitchen & bathroom countertops as well as complete window coverings with California shutters and Silhouette shades. The front yard is impeccably gardened while the backyard features a manicured rock garden (both with automated irrigation system) with waterfall, sundeck and spa to relax.

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
 

$693,000$847,000$770,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,675
Property Tax -$471
Property Insurance -$68
HOA -$14
Property Management Fees -$99
CASH FLOW
-$486

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.

$770,000

PROJECTED PRICE

$2,840

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,800

INVESTMENT

$209,800

Down Payment
$192,500
Rehab Estimate
$5,750
Closing Costs
$11,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,500
Loan Amount $577,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$11,508

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,854

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,7503$2,8404$2,9005$3,295
$3,295
RENT COMPS ANALYSIS
  • 10686 E Rosemary Lane Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,068 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,068 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.37
    •  
  • 10636 E Tierra Buena Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1996
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.38
    •  
  • 16738 N 106th Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1997
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.27
    •  
  • 10553 E Star Of The Desert Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.32
    •  
  • 16325 N 106th Place Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 1999
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.55
    •  
PROPERTY LISTING DETAILS
James Wexler
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209196
Last Updated: 03/19/2021
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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