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16017 N 102nd Place Scottsdale, AZ 85255

3 Beds 2 Baths 1,523 sqft Built 1998

$525,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $344.71
  • 3 Days on Market
  • MLS # : 6165438
  • Updated Date : 11/28/2020 at 14:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,523 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Move in ready home in highly desirable McDowell Mountain Ranch. Fantastic open floor plan with vaulted ceilings in the great room. Beautiful natural slate stone and wood floors throughout the kitchen and great room. Backyard boasts a sparkling heated spool with a new variable speed pump. Two car garage with a smart electric opener and cabinets for storage. McDowell Mountain Ranch has a public golf course, multiple recreation centers with heated pools, spas,tennis, pickleball, basketball & volleyball courts & children's playgrounds. Numerous walking trails throughout McDowell Mountain Ranch.

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,937
Property Tax -$321
Property Insurance -$57
HOA -$14
Property Management Fees -$99
CASH FLOW
-$238

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.

$525,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

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

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $2,189

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1903$2,3004$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 16017 N 102nd Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.44
    •  
  • 10337 E Star Of The Desert Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1998
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.31
    •  
  • 10332 E Star Of The Desert Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.43
    •  
  • 10224 E Firewheel Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
  • 10354 E Saltillo Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1997
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.51
    •  
PROPERTY LISTING DETAILS
Stacy Klibanoff
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165438
Last Updated: 11/28/2020
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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