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16125 N 99th Way Scottsdale, AZ 85260

4 Beds 3 Baths 2,969 sqft Built 2003

$695,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $234.09
  • 3 Days on Market
  • MLS # : 6181337
  • Updated Date : 01/17/2021 at 03:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,969 sqft
  • Baths : 2 full , 1 half
Listing Agent

Flat List Re

Listing Agent's Description

Highly sought after and efficient Cunningham floorplan in the exclusive gated community of Horseman's Park. Excellent location with close proximity to dining, shopping, entertainment, hiking, and the 101 Freeway. Home has been completely renovated with new floors downstairs, new paint (interior & exterior), new countertops (kitchen & bathrooms), new lighting fixtures, new window coverings, new pool equipment, and new professionally landscaped backyard. Home also has pebble tec pool with waterfall, vaulted ceilings in family room, large kitchen island, stainless steel appliances, large Master suite with dual sinks and separate tub & shower, 3 big bedrooms upstairs and a den downstairs, and a formal dining area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Horsemans Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k583k

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

Neighborhood: Horsemans Park

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
 

$625,500$764,500$695,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$2,414
Property Tax -$328
Property Insurance -$85
HOA -$19
Property Management Fees -$99
CASH FLOW
$715

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.

$695,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.5%
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$0.0$10k$20k$30k$40k

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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

11

YEARS SAVED

$116,008

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,660

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,956

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6003$3,6604$4,1955$4,800
$4,800
RENT COMPS ANALYSIS
  • 16125 N 99th Way Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,660
    • $1.23
    •  
  • 10010 E Bell Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2016
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.30
    •  
  • 9845 E Mirasol Circle Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.21
    •  
  • 16734 N 98th Place Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 3,264 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,264 Sqft ∙ Built 2006
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $1.29
    •  
  • 10009 E South Bend Drive Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,131 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,131 Sqft ∙ Built 2013
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.53
    •  
PROPERTY LISTING DETAILS
Stacie C Whitfield
Flat List Re
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181337
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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