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10801 E Happy Valley Road #16 Scottsdale, AZ 85255

4 Beds 4 Baths 4,138 sqft Built 2001

$1,700,000

List Price

$5,910

$5.7K - $6.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $410.83
  • 2 Days on Market
  • MLS # : 6168266
  • Updated Date : 12/05/2020 at 16:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,138 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Impeccable custom single story no steps in Guard Gated Glenn Moor at Troon Village North Scottsdale. 4 Bed 3.5 Bath with Office. Split floor plan with high ceilings with incredible sunset and mountain views surrounding this nearly one acre gem. In the family room with glass doors opening to a pool, spa and entertaining areas galore. From the family lounging area off of the kitchen you can take in the 17th hole of Troon Country Club to enjoy the warm glow of Troon Mountain right outside your window. A front courtyard offers relaxation and solitude with flowers and mountain views. Revel in the immaculate condition of this showpiece of a home. Attention to detail is an understatement on this magazine quality property.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glenn Moor at Troon Village

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $122k1472k

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

Neighborhood: Glenn Moor at Troon Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000550060006500Rent in $10456609

* 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 Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$1,530,000$1,870,000$1,700,000

PURCHASE PRICE

$5,319$6,501$5,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,910
EXPENSES Loan Payment -$6,272
Property Tax -$794
Property Insurance -$108
HOA -$150
Property Management Fees -$99
CASH FLOW
-$1,513

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.

$1,700,000

PROJECTED PRICE

$5,910

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.1%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$456,250

INVESTMENT

$456,250

Down Payment
$425,000
Rehab Estimate
$5,750
Closing Costs
$25,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$6,272

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $425,000
Loan Amount $1,275,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$15,005

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
  • $5,876

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$6,7004$7,000
$7,000
RENT COMPS ANALYSIS
  • 10801 E Happy Valley Road #16 Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 4,138 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,138 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10801 E Happy Valley Road #34 Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 4,327 Sqft ∙ Built 1987 4 beds 5 baths ∙ 4,327 Sqft ∙ Built 1987
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.04
    •  
  • 27122 N 112th Place Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 4,288 Sqft ∙ Built 2010 3 beds 4 baths ∙ 4,288 Sqft ∙ Built 2010
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,700
    • $1.56
    •  
  • 9701 E Happy Valley Road #30 Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 4,211 Sqft ∙ Built 1997 3 beds 4 baths ∙ 4,211 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $1.66
    •  
PROPERTY LISTING DETAILS
David Pattison
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168266
Last Updated: 12/05/2020
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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