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16397 N 106th Place Scottsdale, AZ 85255

2 Beds 2 Baths 2,045 sqft Built 1996

$699,500

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $342.05
  • 2 Days on Market
  • MLS # : 6191202
  • Updated Date : 02/13/2021 at 17:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,045 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Lovely Expanded Samoa by Presley Homes. OPEN FLOOR PLAN/Split Master. rivate with wonderful views. Foyer opens to Great room and you see straight though to a private pool, spa, firepit & and NO homes... Updated kitchen, granite countertops, tile backsplash opens to formal/informal dining with bay window. Update Master bath and closet. 3rd bay of garage was turned into a Bonus Room by Presley homes in 1996. Square footage in Tax records doesn't include this bonus room. Buyer to verify and accept existing square footage. NOTE Bookcases & Desk in DEN do not CONVEY - they are not built in.

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
 

$629,550$769,450$699,500

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,430
Property Tax -$428
Property Insurance -$67
HOA -$14
Property Management Fees -$99
CASH FLOW
-$748

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.

$699,500

PROJECTED PRICE

$2,290

PROJECTED RENT

0.33%

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,118

INVESTMENT

$191,118

Down Payment
$174,875
Rehab Estimate
$5,750
Closing Costs
$10,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,430

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,875
Loan Amount $524,625
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,423

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
  • $2,377

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,0004$2,1005$2,395
$2,395
RENT COMPS ANALYSIS
  • 16397 N 106th Place Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 2,045 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,045 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16420 N Thompson Peak Parkway #1029 Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 1,737 Sqft ∙ Built 2000 2 beds 3 baths ∙ 1,737 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.12
    •  
  • 16600 N Thompson Peak Parkway #1024 Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 1,892 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,892 Sqft ∙ Built 2003
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.06
    •  
  • 14450 N Thompson Peak Parkway #101 Scottsdale, AZ 4
    • 2 beds 3 baths ∙ 1,706 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,706 Sqft ∙ Built 2001
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.23
    •  
  • 10857 E Salt Bush Drive Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,936 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,936 Sqft ∙ Built 1999
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.24
    •  
PROPERTY LISTING DETAILS
Jean M Klien
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191202
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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