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10972 E Betony Drive Scottsdale, AZ 85255

3 Beds 4 Baths 2,629 sqft Built 1997

$850,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $323.32
  • 2 Days on Market
  • MLS # : 6178969
  • Updated Date : 01/09/2021 at 04:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,629 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Nestled in the foothills of the exclusive Guard Gated community of One Hundred Hills, this home is spotless and move in ready! Enter thru private gates to an intimate courtyard. This home features 3 bedroom 3 1/2 bath, PLUS an OFFICE. For couples working from home, the private casita may be used as an additional office. This beautiful desert landscaped back yard has private patios, artificial turf with views of the McDowell Mountains. An entertainers dream, one of the larger flat lots in the community . Kitchen features granite counter tops with open concept living to TV room and stone fireplace. Hand scraped wood floors and 24x24 stone travertine throughout , 12 ft ceilings give this home an abundance of light . Community offers expansive trail systems, community pools , courts, pool

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$2,952
Property Tax -$522
Property Insurance -$78
HOA -$217
Property Management Fees -$99
CASH FLOW
-$249

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.

$850,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$27,280

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
  • $3,345

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,5004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 10972 E Betony Drive Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 2,629 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,629 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16429 N 105th Way Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 1995
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.15
    •  
  • 11004 E Betony Drive Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,720 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,720 Sqft ∙ Built 1998
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
  • 11327 E Beck Lane Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.29
    •  
  • 10690 E Raintree Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.36
    •  
PROPERTY LISTING DETAILS
Yvonne Cahill
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178969
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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