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10829 E Addy Way Scottsdale, AZ 85262

5 Beds 6 Baths 4,290 sqft Built 2006

$1,059,000

List Price

$4,160

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $246.85
  • 2 Days on Market
  • MLS # : 6155253
  • Updated Date : 11/02/2020 at 16:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,290 sqft
  • Baths : 5 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Looking for a beautiful home with the luxury resort lifestyle featuring mountain, sunset, & city light views? Look no further this home has it all! Property features a gated courtyard w/undercover. The open floor plan is light & airy w/high ceilings, gorgeous built-ins & no interior steps. Chef's kitchen w/gas range, double ovens & island. Master w/sitting area, exterior access & updated bath. ALL bedrooms are spacious w/ensuite baths. The 500 sq. ft. guest house features family room w/kitchenette, separate bedroom, & bath. Feel like you're poolside at a top resort with the automated lagoon pool & spa. Built in BBQ, fire pit, numerous patios & undercover spaces will allow you to entertain while you enjoy a friendly competition on the backyard putting green. Close to hiking trails!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mirabel Village

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1173k

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

Neighborhood: Mirabel Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454981

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
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
 

$953,100$1,164,900$1,059,000

PURCHASE PRICE

$3,744$4,576$4,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,160
EXPENSES Loan Payment -$3,907
Property Tax -$498
Property Insurance -$111
HOA -$28
Property Management Fees -$99
CASH FLOW
-$482

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.

$1,059,000

PROJECTED PRICE

$4,160

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$286,385

INVESTMENT

$286,385

Down Payment
$264,750
Rehab Estimate
$5,750
Closing Costs
$15,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,907

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $264,750
Loan Amount $794,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$35,239

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
  • $4,619

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$4,3004$4,700
$4,700
RENT COMPS ANALYSIS
  • 10829 E Addy Way Scottsdale, AZ 1
    • 5 beds 6 baths ∙ 4,290 Sqft ∙ Built 2006 5 beds 6 baths ∙ 4,290 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 37428 N 97th Way Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.05
    •  
  • 36410 N Boulder View Drive Scottsdale, AZ 3
    • 4 beds 5 baths ∙ 4,240 Sqft ∙ Built 2010 4 beds 5 baths ∙ 4,240 Sqft ∙ Built 2010
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.01
    •  
  • 9910 E Allison Way Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.17
    •  
PROPERTY LISTING DETAILS
Rebecca Murphy
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155253
Last Updated: 11/02/2020
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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