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10700 E Becker Lane Scottsdale, AZ 85259

3 Beds 2 Baths 1,508 sqft Built 1984

$449,800

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $298.28
  • 3 Days on Market
  • MLS # : 6167133
  • Updated Date : 12/04/2020 at 17:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Welcome home to this impeccable Scottsdale home. Nestled in the highly desirable neighborhood of Skyrun at Shea, this 3 bed, 2 bath home is the perfect place to settle in! The timelessly remodeled kitchen creates the perfect cooking environment for any at-home chef, and the vaulted ceilings in the main living areas create the spacious feel you've been waiting for! The wet bar in the living room is an entertainer's paradise, and to top it off, the pavers in the backyard give this home the ultimate low-maintenance lifestyle. This home is a must-see, turn-key gem!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Skyrun at Shea

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Skyrun at Shea

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
Anasazi Elementary School Primary Regular 567 31 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Anasazi Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 31
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
 

$404,820$494,780$449,800

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,660
Property Tax -$210
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$45

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.

$449,800

PROJECTED PRICE

$2,070

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,947

INVESTMENT

$124,947

Down Payment
$112,450
Rehab Estimate
$5,750
Closing Costs
$6,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,450
Loan Amount $337,350
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$37,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,062

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$2,0704$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 10700 E Becker Lane Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.37
    •  
  • 10770 E Becker Lane Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,333 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,333 Sqft ∙ Built 1984
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.35
    •  
  • 10720 E Mercer Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1980
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.25
    •  
  • 10745 E Clinton Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1983
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.46
    •  
  • 11112 N 106th Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1981
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.41
    •  
PROPERTY LISTING DETAILS
Karlii Digrazia
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167133
Last Updated: 12/04/2020
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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