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10887 E Elba Way Scottsdale, AZ 85262

4 Beds 5 Baths 4,112 sqft Built 2006

$1,050,000

List Price

$4,380

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $255.35
  • 3 Days on Market
  • MLS # : 6212093
  • Updated Date : 03/26/2021 at 07:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,112 sqft
  • Baths : 4 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

If luxury, serenity and forever city light and mountain views are just a few of the things you crave, this stunning home is a must see and won't disappoint! It starts in the heart of Treviso, an exclusive gated community in the North Scottsdale high desert. Nestled privately within Treviso sits a pristine home that is loaded with custom upgrades and designer touches. One of Toll's finest plans, this beauty features FOUR full bedrooms PLUS a den, a split owner's retreat, 4.5 baths an incredible gourmet kitchen with double ovens, high end appliances, huge walk-in pantry and slab granite counters! Relaxation awaits in your ultimate backyard oasis with a sparkling play pool, heated spa, built in BBQ and those stunning uninterrupted views-it's like being on vacation every day!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Treviso

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1100k

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

Neighborhood: Treviso

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455284

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,942$4,818$4,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,380
EXPENSES Loan Payment -$3,647
Property Tax -$503
Property Insurance -$107
HOA -$181
Property Management Fees -$99
CASH FLOW
-$157

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.

$1,050,000

PROJECTED PRICE

$4,380

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$46,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,380

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $4,708

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,3803$4,4504$4,7005$5,250
$5,250
RENT COMPS ANALYSIS
  • 10887 E Elba Way Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 4,112 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,112 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,380
    • $1.07
    •  
  • 37428 N 97th Way Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006
    property image
    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
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $1.05
    •  
  • 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
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.17
    •  
  • 10225 E Joy Ranch Road #385 Scottsdale, AZ 5
    • 5 beds 5 baths ∙ 4,000 Sqft ∙ Built 1988 5 beds 5 baths ∙ 4,000 Sqft ∙ Built 1988
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.31
    •  
PROPERTY LISTING DETAILS
David C Tucker
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212093
Last Updated: 03/26/2021
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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