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13662 E Shaw Butte Drive Scottsdale, AZ 85259

3 Beds 3 Baths 2,903 sqft Built 1998

$885,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $304.86
  • 4 Days on Market
  • MLS # : 6170722
  • Updated Date : 01/02/2021 at 18:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,903 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This home is a MUST SEE. Gorgeous Scottsdale Mountain home has been completely updated. This large 3 bed/2.5 bath with den sits on an elevated lot with views of the city and mountains. New marble flooring as you enter spills into the spacious remodeled kitchen with gas Wolf stove, Sub-Zero wine fridge and oversized quartzite kitchen island... a cooks dream! The upstairs master suite has stunning city views from the veranda as well as a attached sitting/workout area. The remodeled master bath has to be seen to be appreciated. His and hers areas with a gorgeous tub and white stone wall shower. Surround sound in and out allows you to enjoy the wrap around patio and pool year round. Hiking and biking are minutes away from your front door. Come see this entertainers paradise!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Scottsdale Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454655

* 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
 

$796,500$973,500$885,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$3,265
Property Tax -$507
Property Insurance -$84
HOA -$18
Property Management Fees -$99
CASH FLOW
-$594

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.

$885,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$240,275

INVESTMENT

$240,275

Down Payment
$221,250
Rehab Estimate
$5,750
Closing Costs
$13,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,265

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $221,250
Loan Amount $663,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$15,372

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
  • $3,404

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,2104$3,3005$3,700
$3,700
RENT COMPS ANALYSIS
  • 13662 E Shaw Butte Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,903 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,903 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14077 E Coyote Road Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,708 Sqft ∙ Built 2001
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.05
    •  
  • 14356 E Geronimo Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.11
    •  
  • 13945 E Gail Road Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1998
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.23
    •  
  • 13777 E Lupine Avenue Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 1994
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.30
    •  
PROPERTY LISTING DETAILS
Terrie Lescarbeau
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170722
Last Updated: 01/02/2021
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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