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10989 E Scopa Trail Scottsdale, AZ 85262

5 Beds 5 Baths 4,587 sqft Built 2013

$1,299,000

List Price

$5,310

$5.1K - $5.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $283.19
  • 3 Days on Market
  • MLS # : 6176210
  • Updated Date : 01/01/2021 at 19:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,587 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Views, views and more views! Located on a cul-de-sac lot in a desirable gated North Scottsdale Maribel community, this exquisite estate is truly the epitome of luxury living, surrounded by private courtyards with several spacious patios that give you stunning mountain and city light views. Detached guest quarters is a huge bonus. Owner was a car enthusiast not only do you get the benefits of an oversized 4 car garage there is tons of power and storage added for all your needs. Chef's kitchen with stainless steel appliances, granite countertops and gorgeous wood flooring throughout. It has an extensive owner's suite every buyer dreams of complete with an en-suite and soaking tub, separate vanities, and large His-And-Her's walk-in closets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mirabel Village

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1173k

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

Neighborhood: Mirabel Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454981

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
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
 

$1,169,100$1,428,900$1,299,000

PURCHASE PRICE

$4,779$5,841$5,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,310
EXPENSES Loan Payment -$4,793
Property Tax -$607
Property Insurance -$117
HOA -$30
Property Management Fees -$99
CASH FLOW
-$335

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.

$1,299,000

PROJECTED PRICE

$5,310

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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-$10k$0.0$10k$20k$30k$40k$50k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,985

INVESTMENT

$349,985

Down Payment
$324,750
Rehab Estimate
$5,750
Closing Costs
$19,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$63,409

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
  • $4,159

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,1954$4,450
$4,450
RENT COMPS ANALYSIS
  • 10989 E Scopa Trail Scottsdale, AZ 1
    • 5 beds 5 baths ∙ 4,587 Sqft ∙ Built 2013 5 beds 5 baths ∙ 4,587 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36435 N Porta Nuova Road Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 4,400 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,400 Sqft ∙ Built 2006
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.80
    •  
  • 10935 E Siena Way Scottsdale, AZ 3
    • 4 beds 5 baths ∙ 4,820 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,820 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $0.87
    •  
  • 36410 N Boulder View Drive Scottsdale, AZ 4
    • 4 beds 5 baths ∙ 4,240 Sqft ∙ Built 2010 4 beds 5 baths ∙ 4,240 Sqft ∙ Built 2010
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $1.05
    •  
PROPERTY LISTING DETAILS
Kelly Zoldak
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176210
Last Updated: 01/01/2021
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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