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14720 E Morning Vista Lane Scottsdale, AZ 85262

4 Beds 3 Baths 3,017 sqft Built 2005

$850,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $281.74
  • 3 Days on Market
  • MLS # : 6193864
  • Updated Date : 02/27/2021 at 13:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,017 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Positioned on an elevated lot for maximum views of Four Peaks and distant mountains, this 1.25 AC, timeless Southwest gem begins with a gated enclosed front entry patio. Enter into a large open floor plan w/ Pine Vega posts & Ceiling Beams., Travertine Tile t/o. Oil Bronzed Hardware, & European Faucets t/o, Knotty Alder Cabinets t/o. Newer Laminated. wood in Master w/Pine Vegas, Master Bath w/ Soaking tub, Dual Steam Shower. Carpet in Guest Bedrooms. Large Great Rm w/Stone Gas Fireplace, Stone Hearth, Open to Kitchen w/Center Island, Breakfast Bar, Granite Counters. Skylights. Large fenced patio, Salt Wtr Black Pebble Tech Pool/w/Water Feature, Paver Decking, Outside shower. Fenced Property Extra Large & Long Garage.. 2 RV Gates, RV Pkg/Septic avail.w/Enclosed Area for Storage or Vehicle

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,952
Property Tax -$286
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
-$293

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.

$850,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.37%

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$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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$27,932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,409

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$3,130
1$3,1302$3,3003$3,500
$3,500
RENT COMPS ANALYSIS
  • 14720 E Morning Vista Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.04
    •  
  • 14224 E Desert Vista Trail Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2018
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
  • 28713 N 148th Street Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Katy Curtis
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193864
Last Updated: 02/27/2021
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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