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14423 E Peak View Road Scottsdale, AZ 85262

3 Beds 2 Baths 1,946 sqft Built 1999

$565,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $290.34
  • 2 Days on Market
  • MLS # : 6186998
  • Updated Date : 01/30/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,946 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Beautiful views from this Rio Verde 1.25 acre property! Single level Santa Fe style split great room floor plan featuring elevated ceiling height in main living areas w/timber beam accents, kiva wood burning fireplace, private master suite w/large walk-in closet. New HVAC, fresh interior/exterior paint, new carpet, and appliances. French doors open to outdoor living areas from great room & master bedroom Private fenced Pebble Tec pool by California Pools, large covered patio w/T&G ceiling, and observation deck offering forever views! Minutes to Tonto Nat'l Forest and Sonoran Preserve w/miles of hiking and biking trails. The 1.25 acre site allows for room to expand: add a guest casita, detached office, or horse facilities, Located less than .10 mi from paved 144th. No HOA & No Flood Plain.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k858k

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

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453760

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,962
Property Tax -$185
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$41

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.

$565,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$37,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,277

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9753$2,350
$2,350
RENT COMPS ANALYSIS
  • 14423 E Peak View Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.31
    •  
  • 15325 E Windstone Trail Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2018
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.22
    •  
  • 30616 N 138th Way Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 2017
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.31
    •  
PROPERTY LISTING DETAILS
Janet Shaw
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186998
Last Updated: 01/30/2021
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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