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10907 E Meadowhill Drive Scottsdale, AZ 85255

5 Beds 5 Baths 4,337 sqft Built 2001

$1,725,000

List Price

$5,940

$5.7K - $6.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $397.74
  • 2 Days on Market
  • MLS # : 6206866
  • Updated Date : 03/13/2021 at 16:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,337 sqft
  • Baths : 4 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This is the one! Spectacular views of the entire valley including Camelback Mountain. This Gated McDowell Mountain Stunner has it all! The beautiful courtyard entry welcomes you into a 5 bed/4.5 bath home with a wide open feel. Huge great room includes a bar with open access to the gourmet kitchen that features chef style appliances and plenty of space. All of this is overlooking the resort style yard that has views for miles, heated pool/spa, outdoor kitchen, and a large side yard with a playground. The split floor plan features a large master with spa like bath. There is a library/office with beautiful book shelves. In the kids wing, you will find 3 more bedrooms including one that is an en-suite. High end travertine floors throughout the home give it a nice warm feel.

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
 

$1,552,500$1,897,500$1,725,000

PURCHASE PRICE

$5,346$6,534$5,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,940
EXPENSES Loan Payment -$5,992
Property Tax -$1,055
Property Insurance -$112
HOA -$14
Property Management Fees -$99
CASH FLOW
-$1,331

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.

$1,725,000

PROJECTED PRICE

$5,940

PROJECTED RENT

0.34%

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$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$462,875

INVESTMENT

$462,875

Down Payment
$431,250
Rehab Estimate
$5,750
Closing Costs
$25,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,992

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $431,250
Loan Amount $1,293,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$15,356

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
  • $6,213

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,4003$6,5004$6,7005$7,000
$7,000
RENT COMPS ANALYSIS
  • 10907 E Meadowhill Drive Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 4,337 Sqft ∙ Built 2001 5 beds 5 baths ∙ 4,337 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14116 N 109th Street Scottsdale, AZ 2
    • 6 beds 4 baths ∙ 4,098 Sqft ∙ Built 1999 6 beds 4 baths ∙ 4,098 Sqft ∙ Built 1999
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.07
    •  
  • 13944 N 110th Street Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 4,017 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,017 Sqft ∙ Built 2001
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.62
    •  
  • 9874 E Gray Road Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 4,509 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,509 Sqft ∙ Built 2004
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,700
    • $1.49
    •  
  • 9939 E Gray Road Scottsdale, AZ 5
    • 5 beds 6 baths ∙ 4,509 Sqft ∙ Built 2004 5 beds 6 baths ∙ 4,509 Sqft ∙ Built 2004
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $1.55
    •  
PROPERTY LISTING DETAILS
Nick Arekat
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206866
Last Updated: 03/13/2021
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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