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16506 N 106th Place Scottsdale, AZ 85255

4 Beds 3 Baths 2,833 sqft Built 1996

$750,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $264.74
  • 3 Days on Market
  • MLS # : 6184332
  • Updated Date : 01/23/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,833 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

UPDATED single level home with 4 bedrooms plus bonus room just down the block from the community center!Complete SMART SYSTEM HOME installed with all the whistles and bells included -screens, Alexa in all rooms! At the touch of a button cook your dinner in newly remodeled kitchen with GE double ovens, 5 burner gas cook top, large center island, loads of cabinets & Quartz-site counters all in the finishes you want.Pass thru window for easy entertaining in family room or DR (with built in buffet/storage + living area with wall of windows!Split floor plan - Huge Master bedroom with private walk out.Master bath w/ wall size shower, dual shower heads,walk in closet BONUS room adjacent to 4th bedroom could be home office -SEE ''MORE'' for additional COMMENTS

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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,605
Property Tax -$459
Property Insurance -$75
HOA -$14
Property Management Fees -$99
CASH FLOW
-$431

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.

$750,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.38%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$13,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,991

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8203$2,9504$2,9955$3,200
$3,200
RENT COMPS ANALYSIS
  • 16506 N 106th Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.15
    •  
  • 10608 E Firewheel Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1996
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
  • 10557 E Cosmos Circle Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.11
    •  
  • 16601 N 104th Street Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 2,367 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,367 Sqft ∙ Built 1998
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.27
    •  
  • 10311 E Verbena Lane Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,396 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,396 Sqft ∙ Built 1998
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.34
    •  
PROPERTY LISTING DETAILS
Jodi Geiger
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184332
Last Updated: 01/23/2021
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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