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10757 N 109th Way Scottsdale, AZ 85259

4 Beds 2 Baths 1,737 sqft Built 1994

$539,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $310.31
  • 5 Days on Market
  • MLS # : 6176866
  • Updated Date : 01/08/2021 at 23:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,737 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

A rare find under $550k in Scottsdale. Sought-after Corner Lot! Beautifully remodeled. High-end specification with designer features. Move in ready. Brand new custom kitchen in 2019 with white shaker cabinets, crown molding, white quartz surfaces, a large custom pantry, and island with breakfast bar, plus stainless steel appliances. Custom remodeled designer bathrooms with shaker cabinets, quartz countertops, and luxurious Grohe shower fixtures. New wood look tile flooring throughout home in 2019 and brand new plush carpet in bedrooms. Beautifully landscaped yard with patio and artificial turf. Entirely smart home enabled with the latest technology - controls your lights - indoor and out, sprinkler system, washer, dryer, garage door and more from anywhere!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Paradise Vista Estates

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
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,872
Property Tax -$252
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$16

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.

$539,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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

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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$33,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,3004$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 10757 N 109th Way Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.32
    •  
  • 10851 E Becker Lane Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1985
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.21
    •  
  • 10770 E Mercer Lane Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1980
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.29
    •  
  • 10732 N 113th Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1994
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.25
    •  
  • 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
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.45
    •  
PROPERTY LISTING DETAILS
Van D. Welborn
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176866
Last Updated: 01/08/2021
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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