Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13300 E Via Linda Drive #1005 Scottsdale, AZ 85259

3 Beds 4 Baths 2,285 sqft Built 2005

$600,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $262.58
  • 3 Days on Market
  • MLS # : 6160068
  • Updated Date : 11/13/2020 at 10:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,285 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This home has it all and the best part - amazing mountain and city views, nestled at the base of the McDowells. Well kept townhouse with lots of natural light, large kitchen w/granite counter tops, custom stone breakfast bar & gas fireplace, open living room and dining area. Master bath has jetted tub, separate shower, and walk in closet. 3 bed & 3.5 bath home complete with attached casita perfect for out of town visitors. Lock and leave property ideal for second home. One of few townhomes in community with 3 car garage & plenty of storage. Home has been well taken care of. Close to lots of hiking trails, shopping, and restaurants. Desert living at its finest!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mirage Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Mirage Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,214
Property Tax -$281
Property Insurance -$72
HOA -$390
Property Management Fees -$99
CASH FLOW
-$295

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.

$600,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,936

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,7604$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 13300 E Via Linda Drive #1005 Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 2,285 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,285 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.21
    •  
  • 11626 N 134th Street Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 2,067 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,067 Sqft ∙ Built 2006
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.26
    •  
  • 12847 E Becker Lane Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1991
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.15
    •  
  • 10393 N 135th Way Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.42
    •  
  • 13663 E Paradise Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1996
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.31
    •  
PROPERTY LISTING DETAILS
Tiffany Davila
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160068
Last Updated: 11/13/2020
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.

BESbswy