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10703 N 104th Place Scottsdale, AZ 85259

4 Beds 2 Baths 2,010 sqft Built 1984

$520,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $258.71
  • 4 Days on Market
  • MLS # : 6162216
  • Updated Date : 11/21/2020 at 11:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,010 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Awesome home! Great Scottsdale location with easy access to Shea corridor and Loop 101. With a little TLC you are ready, located on a quiet street , featuring spacious back yard, great pool and no HOA. Bring your clients, they will love it! Beat the energy bills this home has it's own SOLAR PANELS !***Motivated seller, bring an offer!***

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Knoell Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Knoell Scottsdale

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
 

$468,000$572,000$520,000

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 -$1,919
Property Tax -$243
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$103

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.

$520,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$48,551

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,673

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,299
1$2,2992$2,4303$2,5004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 10703 N 104th Place Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.21
    •  
  • 10673 E Hope Drive Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1981
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.14
    •  
  • 11115 E Mercer Lane Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1983
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
  • 9804 N 100th Place Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.46
    •  
  • 10203 N 101st Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1985
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.45
    •  
PROPERTY LISTING DETAILS
Dushan Manjencich
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162216
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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