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16229 E White Feather Lane Scottsdale, AZ 85262

4 Beds 4 Baths 3,311 sqft Built 2007

$850,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $256.72
  • 3 Days on Market
  • MLS # : 6175301
  • Updated Date : 01/09/2021 at 23:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,311 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Welcome to Casa Tortuga! Walk through the charming front courtyard past the bubbling fountain for a great welcome to this warm and inviting custom home. From the soaring, coffered ceilings to the beautiful travertine floors, cozy is the feeling you will experience throughout this home. Thoughtful amenities in every room you walk through. Family friendly open Family Room to Large Kitchen furnished with all the best appliances, oversized island with pendant lighting, Warm, knotty alder cabinets, granite countertops & cozy breakfast nook overlooking a large covered patio & heated lap pool w/auto cover. Guest casita/4th bedroom & Large Master Suite split from the other 2 large guest bedrooms with walk-in closets. Master suite features a gas fireplace, large full bath with jetted tub &

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
Desert Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

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
 

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

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,952
Property Tax -$286
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
-$289

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

$3,140

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

$28,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,460

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,500
$3,500
RENT COMPS ANALYSIS
  • 16229 E White Feather Lane Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 28713 N 148th Street Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.09
    •  
  • 29525 N 164th Place Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,495 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,495 Sqft ∙ Built 2006
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Bonnie Burke
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175301
Last Updated: 01/09/2021
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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