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10754 E Laurel Lane Scottsdale, AZ 85259

5 Beds 6 Baths 5,775 sqft Built 2001

$1,850,000

List Price

$6,550

$6.3K - $6.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $320.35
  • 3 Days on Market
  • MLS # : 6156109
  • Updated Date : 11/06/2020 at 13:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,775 sqft
  • Baths : 5 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This beautiful custom built 1.2 acre estate in the highly sought after Cactus Corridor is surrounded by multimillion dollar homes. The impressive curb appeal and stately entry court open to a split floor plan with a remodeled kitchen and an incredible Master retreat with fireplace, and a large walk in closet. The 2 ensuite bedrooms and 2 bedrooms with a Jack and Jill bathroom in the childrens wing opens into a bonus room that connects to the family room and updated kitchen. The expansive backyard has an abundance of covered outdoor living space, built in BBQ with double burners, playground, gated oversized pool with spa, diving area, cascading water feature and built in fireplace reminiscent of your own private resort with mountain views

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k932k

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

Neighborhood: Cactus Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454728

* 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
 

$1,665,000$2,035,000$1,850,000

PURCHASE PRICE

$5,895$7,205$6,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,550
EXPENSES Loan Payment -$6,826
Property Tax -$893
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
-$1,407

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.

$1,850,000

PROJECTED PRICE

$6,550

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$496,000

INVESTMENT

$496,000

Down Payment
$462,500
Rehab Estimate
$5,750
Closing Costs
$27,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $462,500
Loan Amount $1,387,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$26,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,550

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $5,660

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$5,400
1$5,4002$6,550
$6,550
RENT COMPS ANALYSIS
  • 10754 E Laurel Lane Scottsdale, AZ 2
    • 5 beds 6 baths ∙ 5,775 Sqft ∙ Built 2001 5 beds 6 baths ∙ 5,775 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $6,550
    • $1.13
    •  
  • 10475 E Laurel Lane Scottsdale, AZ 1
    • 6 beds 5 baths ∙ 5,522 Sqft ∙ Built 1996 6 beds 5 baths ∙ 5,522 Sqft ∙ Built 1996
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kelly Henson-renoud
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156109
Last Updated: 11/06/2020
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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