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14913 N 102nd Street Scottsdale, AZ 85255

4 Beds 3 Baths 2,197 sqft Built 1999

$535,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $243.51
  • 6 Days on Market
  • MLS # : 6166190
  • Updated Date : 12/02/2020 at 16:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

Superlative Realty

Listing Agent's Description

LOVELY CUL-DE-SAC LOT LOCATED AT MCDOWELL MOUNTAIN RANCH SUBDIVISION. SPACIOUS FAMILY HOME W/4 BEDROOMS PLUS LOFT, VAULTED CEILINGS, FORMAL LIVING AND DINNING, FAMILY ROOM,BREAKFAST NOOK, NEW PAINT IN AND OUT, MASTER ON 1ST LEVEL, 3 BEDROOMS UP STAIRS, LOFT CAN BE USED FOR OFFICE OR KIDS PLAYROOM, MOUNTAIN VIEWS, LARGE BACKYARD W/ GRASS, HARD TO FIND CUL-DE-SAC LOT FOR KIDS TO PLAY IN AND IS OPEN TO MMR WALKING TRAILS, ENJOY THE COMMUNITY CENTER, WITH POOL, SPA, TENNIS COURTS, VOLLEYBALL & PLAYGROUND, CLOSE TO ALL SCOTTSDALE HAS TO OFFER WITH SHOPPING, DINNING, MAJOR FREEWAYS AND GREAT SCHOOLS....

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McDowell Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k646k

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

Neighborhood: McDowell Mountain 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
Desert Canyon Elementary School Primary Regular 503 25 10
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Desert Canyon Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 25
10
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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,974
Property Tax -$348
Property Insurance -$70
HOA -$15
Property Management Fees -$99
CASH FLOW
$174

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.

$535,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$55,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,691

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,4503$2,6004$2,6805$3,000
$3,000
RENT COMPS ANALYSIS
  • 14913 N 102nd Street Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.22
    •  
  • 10454 E Texas Sage Lane Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.14
    •  
  • 10453 E Hillery Drive Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.15
    •  
  • 10318 E Raintree Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1998
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.22
    •  
  • 10392 E Pine Valley Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,159 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,159 Sqft ∙ Built 1998
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.39
    •  
PROPERTY LISTING DETAILS
Linda Wei
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166190
Last Updated: 12/02/2020
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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