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14000 N 94th Street #1070 Scottsdale, AZ 85260

2 Beds 2 Baths 1,214 sqft Built 2002

$335,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $275.95
  • 1 Days on Market
  • MLS # : 6182198
  • Updated Date : 01/17/2021 at 03:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,214 sqft
  • Baths : 2 full
Listing Agent

Crestmark Realty Group Llc

Listing Agent's Description

Welcome home to this charming Scottsdale townhome in Bella Vista! First impressions are important...open concept living room with fireplace and adjoining dining area is great for entertaining. There is no telling what you will cook up in this efficiently designed kitchen with ample storage and counter space. Master bedroom and in-suite bath with dual sinks, tub, step in shower and walk-in closet offers a relaxing haven at day's end. Additional bedroom is perfect for family, guests, in-home office or storage. This home boasts a 150 sq ft covered private patio with mountain views, a perfect place to sip your morning coffee or relax after a round of golf.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bella Vista-A Beautiful View

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Bella Vista-A Beautiful View

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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,164
Property Tax -$157
Property Insurance -$51
HOA -$304
Property Management Fees -$99
CASH FLOW
-$194

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.

$335,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$4,266

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
  • $1,572

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5504$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 14000 N 94th Street #1070 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14000 N 94th Street #1162 Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,301 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,301 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 14000 N 94th Street #3197 Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,154 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,154 Sqft ∙ Built 2002
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.34
    •  
  • 14000 N 94 Street #1215 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.32
    •  
  • 14000 N 94th Street #1138 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,135 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,135 Sqft ∙ Built 2004
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.41
    •  
PROPERTY LISTING DETAILS
Raegen Johnson
Crestmark Realty Group Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182198
Last Updated: 01/17/2021
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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