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

13343 N 101st Way Scottsdale, AZ 85260

3 Beds 3 Baths 2,438 sqft Built 1988

$750,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $307.63
  • 2 Days on Market
  • MLS # : 6209922
  • Updated Date : 03/20/2021 at 17:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,438 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Wow! This is as good as it gets in the neighborhood. Top of the line designer finishes and upgrades adorn every inch of this Mountanview Ranch property. 3 bedrooms and an office combined with a living room and great room, give you all the space you need. Head out back to your covered travertine stone patio, relax in the pool and spa or practice putting on the synthetic putting green. From the custom master closet to the glass doors on the office and the beautiful, over-sized marble kitchen island everything has been updated. This home is in a great location only a short distance from everything that North Scottsdale has to offer. Take a look at the supplements section for a list of some of the updates made. Stop by and make this your new home today!All new as of mid-20

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountainview Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Mountainview 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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,605
Property Tax -$351
Property Insurance -$75
HOA -$36
Property Management Fees -$99
CASH FLOW
-$275

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.

$750,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$23,214

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
  • $2,980

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6504$3,1955$3,250
$3,250
RENT COMPS ANALYSIS
  • 13343 N 101st Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,438 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,438 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10418 E Meadowhill Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,366 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,366 Sqft ∙ Built 2000
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
  • 10220 E Meadow Hill Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.09
    •  
  • 14434 N 98th Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1995
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.35
    •  
  • 9635 E Sheena Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.39
    •  
PROPERTY LISTING DETAILS
Sandy Karpen
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209922
Last Updated: 03/20/2021
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.

BESbswy