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10923 N 137th Street Scottsdale, AZ 85259

4 Beds 4 Baths 3,425 sqft Built 2016

INVESTimate

$1,129,000

List Price

$4,140

$3,890 - $4,390

Rent Est.

$1,209,385  ( +7.12%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $329.64
  • 3 Days on Market
  • MLS # : 6121844
  • Updated Date : 08/25/2020 at 11:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,425 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Stunning semi-custom single level highly upgraded home set in McDowell Mtns. Only 4 yrs old, this house has a premium lot that backs to NAOS with ultimate privacy & mountain views! 4 bedrooms , library & bonus room! Split floor plan & all the interior walls are insulated to make work at home more pleasant! Great Room has huge 4 panel sliding doors to patio & pool, wood accented TV feature wall & surround sound. TV conveys with purchase. Great Room opens to kitchen with breakfast room, island with seating, butlers pantry with bar/wine refrigerator & room size pantry. Quartz countertops, gas 5 burner cooktop, double ovens and warming drawer complete kitchen. Maintenance free yard with artificial turf, desert landscaping, pool with waterfall, pergola , misters and speakers. Immaculate!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Shea

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k787k

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

Neighborhood: East Shea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455992

* 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
Anasazi Elementary School Primary Regular 567 31 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Anasazi Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 31
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$1,016,100$1,241,900$1,129,000

PURCHASE PRICE

$3,726$4,554$4,140

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,140
EXPENSES Loan Payment -$4,166
Property Tax -$538
Property Insurance -$94
HOA -$165
Property Management Fees -$99
CASH FLOW
-$921

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.

$1,129,000

PROJECTED PRICE

$4,140

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 7.12%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$304,935

INVESTMENT

$304,935

Down Payment
$282,250
Rehab Estimate
$5,750
Closing Costs
$16,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,166

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $282,250
Loan Amount $846,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$11,912

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,140

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $3,785

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,9004$3,9955$4,140
$4,140
RENT COMPS ANALYSIS
  • 10923 N 137th Street Scottsdale, 5
    • 4 beds 4 baths ∙ 3,425 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,425 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $4,140
    • $1.21
    •  
  • 12543 E Mercer Lane Scottsdale, 1
    • 4 beds 3 baths ∙ 3,356 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,356 Sqft ∙ Built 2001
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.04
    •  
  • 13406 E Del Timbre Drive Scottsdale, 2
    • 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 1996
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.17
    •  
  • 12388 N 145th Way Scottsdale, 3
    • 4 beds 5 baths ∙ 3,580 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,580 Sqft ∙ Built 2005
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.09
    •  
  • 13513 E Cannon Drive Scottsdale, 4
    • 5 beds 3 baths ∙ 3,556 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,556 Sqft ∙ Built 2003
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.12
    •  
PROPERTY LISTING DETAILS
Rosann Clementino
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121844
Last Updated: 08/25/2020
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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