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10906 E Southwind Lane Scottsdale, AZ 85262

5 Beds 4 Baths 4,243 sqft Built 2001

$1,150,000

List Price

$7,060

$6.8K - $7.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $271.03
  • 2 Days on Market
  • MLS # : 6163827
  • Updated Date : 11/28/2020 at 11:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,243 sqft
  • Baths : 4 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Get ready to be impressed! Gorgeously refreshed soft contemporary with resort-backyard in highly regarded guard-gated Candlewood Estates in Troon North! Conveniently located huge Master Suite downstairs w/2-way FP. Assured privacy with separate family room & secondary bedrooms upstairs, balcony seating, large windows to take in the mesmerizing MOUNTAIN VIEWS! Appealing current color palette enhances updated new flooring & fixtures throughout. Resurfaced sparkling blue pool, outdoor kitchen & FP, elevated seating area afford a resort-style private backyard retreat. Walk to miles of hiking & biking at Brown's Ranch and numerous surrounding area trails. Dining and services nearby as well. Highly desirable No. Scottsdale scenic community and well priced. Check the comps and come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Candlewood Estates at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k961k

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

Neighborhood: Candlewood Estates at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454169

* 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
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$6,354$7,766$7,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,060
EXPENSES Loan Payment -$4,243
Property Tax -$537
Property Insurance -$110
HOA -$13
Property Management Fees -$99
CASH FLOW
$2,058

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,150,000

PROJECTED PRICE

$7,060

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$0.0$20k$40k$60k$80k$100k

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$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$4,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

13.92

YEARS SAVED

$305,889

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
  • $9,674

    COMP ESTIMATED VALUE
  • $2.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8,900
$8,900
RENT COMPS ANALYSIS
  • 10906 E Southwind Lane Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,243 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,243 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10641 E Monument Drive Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,900
    • $2.28
    •  
PROPERTY LISTING DETAILS
Julie Antunes
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163827
Last Updated: 11/28/2020
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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