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13735 N 103rd Way Scottsdale, AZ 85260

3 Beds 2 Baths 1,574 sqft Built 1990

$429,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $273.13
  • 2 Days on Market
  • MLS # : 6170677
  • Updated Date : 12/12/2020 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

If you are searching for a well maintained single level home in 85260 with a sparkling pool and spa close to excellent schools, shopping, parks and 101 that has been impeccably updated look no further. Spacious 3 bedroom w/ contemporary flair with high end cabinetry, black galaxy slab granite, updated light fixtures, shutters & wood blinds t/o, newer a/c and hot water heater in 2018, beverage center w/fridge & sink in dining room, pull out cabs, s/s appliances, newer double pane windows, updated travertine and marble accent bathrooms, Ecobee smart thermostadt, huge master tub & step in shower interior & exterior painted 12/20, lush landscaping with roses, cactii, palms, artificial grass & mountain views, great outdoor bar b que area for festivities... .....

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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,586
Property Tax -$201
Property Insurance -$58
HOA -$36
Property Management Fees -$99
CASH FLOW
$170

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.

$429,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.50%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$48,786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,149

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,1004$2,1505$2,175
$2,175
RENT COMPS ANALYSIS
  • 13735 N 103rd Way Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.37
    •  
  • 10358 E Sutton Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1987
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.26
    •  
  • 13756 N 103rd Way Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1990
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.39
    •  
  • 13546 N 103rd Way Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1989
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.46
    •  
  • 13568 N 102nd Place Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1988
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.35
    •  
PROPERTY LISTING DETAILS
Denise S Monteforte
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170677
Last Updated: 12/12/2020
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.

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