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16409 N 108th Way Scottsdale, AZ 85255

4 Beds 3 Baths 3,348 sqft Built 1996

$1,300,000

List Price

$4,100

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $388.29
  • 3 Days on Market
  • MLS # : 6204011
  • Updated Date : 03/12/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,348 sqft
  • Baths : 3 full
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

Look no further! You've found the home you longed for! Located in Scottsdale, this wonderful 4 bed, 3 bath residence features charming curb appeal with desert landscaping, a 3 car garage, and more! Inside you will find formal dining and living areas along with a den ideal for an office and a fireplace. The luxurious kitchen is complete with ample cabinetry, granite countertops, a walk-in pantry, stainless steel appliances and an island with a breakfast bar. The grand master suite boasts a private exit, a spacious walk-in closet, and a full bath with double sinks, as well as separate tub and shower. Also including a stunning backyard with a covered patio, built-in BBQ, outdoor fireplace, and a pool/spa combo.Updated Luton programmable lighting system. and all new copper plumbing.

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
 

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,100
EXPENSES Loan Payment -$4,515
Property Tax -$795
Property Insurance -$92
HOA -$14
Property Management Fees -$99
CASH FLOW
-$1,416

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.

$1,300,000

PROJECTED PRICE

$4,100

PROJECTED RENT

0.32%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,100

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $4,612

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$3,995
1$3,9952$4,1003$4,5004$4,6505$4,800
$4,800
RENT COMPS ANALYSIS
  • 16409 N 108th Way Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.22
    •  
  • 9999 E Jasmine Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,264 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,264 Sqft ∙ Built 2005
    property image
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.22
    •  
  • 16630 N 109th Street Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,248 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,248 Sqft ∙ Built 1996
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.39
    •  
  • 10858 E Cosmos Circle Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,404 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,404 Sqft ∙ Built 1997
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $1.37
    •  
  • 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
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.53
    •  
PROPERTY LISTING DETAILS
Anne Jackson
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204011
Last Updated: 03/12/2021
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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