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13735 E Columbine Drive Scottsdale, AZ 85259

4 Beds 3 Baths 3,192 sqft Built 1996

$1,299,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $406.95
  • 3 Days on Market
  • MLS # : 6180366
  • Updated Date : 01/22/2021 at 22:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,192 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Back on market due to non performance of buyer. No AMAZING COMPLETE REMODEL WITH A BRAND NEW POOL. This home sits high up on the hill of Scottsdale Mountain with 360 degree views of the Valley. We have taken down walls to give the home the open space living. A new multi slide pocket door leading to the sparkling pool gives the home the indoor/outdoor feel. NEW WINDOWS, NEW HVAC SYSTEM and so much more...This home is almost complete and is already a show stopper.

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
 

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

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$4,512
Property Tax -$745
Property Insurance -$89
HOA -$27
Property Management Fees -$99
CASH FLOW
-$1,222

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.

$1,299,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.33%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M$3.0M

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 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,512

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$5,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,250

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $3,687

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2103$3,3954$4,2005$4,250
$4,250
RENT COMPS ANALYSIS
  • 13735 E Columbine Drive Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 3,192 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,192 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.33
    •  
  • 12847 E Wethersfield Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,870 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,870 Sqft ∙ Built 1998
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.08
    •  
  • 14356 E Geronimo Road Scottsdale, AZ 2
    • 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
    •  
  • 13857 E Kalil Drive Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1994
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.05
    •  
  • 12840 E Wethersfield Road Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 3,037 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,037 Sqft ∙ Built 1998
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.38
    •  
PROPERTY LISTING DETAILS
Anne Zangl
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180366
Last Updated: 01/22/2021
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.

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