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10716 N 104th Place Scottsdale, AZ 85259

4 Beds 2 Baths 2,088 sqft Built 1984

$530,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $253.83
  • 4 Days on Market
  • MLS # : 6161984
  • Updated Date : 11/20/2020 at 20:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,088 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Great single level home with no HOA. Located within the areas of Desert Mountain High School, easy access to the 101, close to Shea Blvd for shopping, restaurants, hospitals, and more. Upgrades can be seen throughout the kitchen and master bathroom, including upgraded soft-close cabinetry, counter tops, flooring, huge shower, and custom tub, imported from overseas. Home is very clean and well cared for. New roof in 2011 and new AC in 2012.

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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,955
Property Tax -$248
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$270

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.

$530,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.50%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$68,441

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
  • $2,949

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2993$2,9004$3,0005$3,600
$3,600
RENT COMPS ANALYSIS
  • 10716 N 104th Place Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10673 E Hope Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1981
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.14
    •  
  • 9804 N 100th Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1983
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.46
    •  
  • 10203 N 101st Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1985
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.45
    •  
  • 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
Charles Maxwell
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161984
Last Updated: 11/20/2020
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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