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10723 E Mescal Street Scottsdale, AZ 85259

3 Beds 2 Baths 1,588 sqft Built 1981

$550,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $346.35
  • 2 Days on Market
  • MLS # : 6178973
  • Updated Date : 01/09/2021 at 20:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,588 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This is the opportunity you've been waiting for... Gorgeous high-end custom 3 bedroom home with the latest modern finishes. Quality Home w/ attn to detail. This home was professionally designed and renovated with high-end finishes & quality construction. Updated ISLAND & BAR w/WINE FRIG, white SHAKER CABINETS w/self closing doors/drawers & crown molding, and GRANITE COUNTERS. This house comes with an OPEN-CONCEPT FLOOR PLAN, upgraded Maytag and GE appliances, walk-in master bedroom closet with barn door, and custom living room board and batten feature wall. Updated laundry room and pantry shelving with solid barn door. The LED lighting throughout, soft water, redesigned fireplace, updated modern light fixtures, and chandelier features make this house your home!

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,910
Property Tax -$257
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$75

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.

$550,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.41%

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-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$26,647

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
  • $2,243

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,2004$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 10723 E Mescal Street Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 11112 N 106th Street Scottsdale, AZ 3
    • 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
    •  
  • 10851 E Mercer Lane Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1983
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.54
    •  
  • 10850 N 108th Place Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.45
    •  
PROPERTY LISTING DETAILS
Denise Sottile
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178973
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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