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15255 N 105th Way Scottsdale, AZ 85255

3 Beds 2 Baths 2,285 sqft Built 1999

$775,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $339.17
  • 7 Days on Market
  • MLS # : 6156461
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,285 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Welcome to Cimarron Hills, a Guard Gated Community in McDowell Mountain Ranch! This lovely home is one of the most popular floor plans in the neighborhood & has been immaculately maintained by its owners. Great room concept that's open & bright with large kitchen, all looking out to lushly landscaped back yard with sparkling pool, spa & views of the McDowell Mountains! HVAC new in '18, water heater new '16 and roof replaced over garage. Over-sized 2 car garage. Master Split floor plan, with another full bed/bath and den which could easily be converted to a 3rd BR. (Already has a walk-in closet, just add doors to room!) Kitchen features quartz counters, designer back splash, center island & wrap around breakfast bar. Cimarron Hills has it's own private pool, spa, tennis & work out

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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,859
Property Tax -$482
Property Insurance -$72
HOA -$57
Property Management Fees -$99
CASH FLOW
-$829

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.

$775,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.35%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,665

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,502

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,4254$2,4505$2,740
$2,740
RENT COMPS ANALYSIS
  • 15255 N 105th Way Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,285 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,285 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.20
    •  
  • 15228 N 104th Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.03
    •  
  • 15227 N 104th Place Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 10454 E Texas Sage Lane Scottsdale, AZ 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Christine M Espinoza
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156461
Last Updated: 11/13/2020
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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