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10794 E Greenway Road Scottsdale, AZ 85255

3 Beds 2 Baths 2,369 sqft Built 1999

$999,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $421.70
  • 1 Days on Market
  • MLS # : 6213340
  • Updated Date : 03/27/2021 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,369 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Spectacular views of the McDowell Mountains, sunsets and twinkling city lights. Recently renovated and extensively upgraded Edmunds Toll 3 bed/2 bath Valencia split-master floorplan. Kitchen features white cabinetry, quartz countertops and stone inlay backsplash. All stainless appliances including Bosch double oven, microwave, dishwasher, Electrolux cooktop and brand new GE refrigerator. New tile plank flooring throughout. Oversized baseboards, crown molding and door casings. Solid core doors with brushed nickel hardware. Master bath has been upgraded with oversized glass tile shower surrounded by frameless glass, dual sinks and brushed nickel hardware. Resort style backyard with unobstructed views. Heated pebble finish pool with Pentair Whisperflo pump (2017) and in-floor cleaning system,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: McDowell Mountain Ranch

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
Desert Canyon Elementary School Primary Regular 503 25 10
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Desert Canyon Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
10
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$3,470
Property Tax -$611
Property Insurance -$73
HOA -$61
Property Management Fees -$99
CASH FLOW
-$1,344

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.

$999,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,470

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,837

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,6953$2,8004$2,9005$2,970
$2,970
RENT COMPS ANALYSIS
  • 10794 E Greenway Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.25
    •  
  • 10439 E Saltillo Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.09
    •  
  • 15955 N 102nd Place Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 1998
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.22
    •  
  • 10608 E Firewheel Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1996
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 10553 E Star Of The Desert Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1998
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.32
    •  
PROPERTY LISTING DETAILS
Derek Galli
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213340
Last Updated: 03/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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