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16569 N 104th Street Scottsdale, AZ 85255

5 Beds 4 Baths 2,933 sqft Built 1998

$824,900

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $281.25
  • 5 Days on Market
  • MLS # : 6149141
  • Updated Date : 10/30/2020 at 16:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,933 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Capital Advisors

Listing Agent's Description

Extensive remodel est completion date 11/15. Mtn views. Open concept kitchen/family room (new linear electric fireplace). New flooring downstairs (wood plank look ceramic) and upstairs (carpet). Kitchen: new appliances, new quartz counters, refinished cabinets. Bathrooms: new quartz counters, refinished cabinets, redesigned master bath with free standing tub, tile surrounds in other full baths. All bedrooms upstairs; 5th bedroom (oversized with closet) can be used as a game/play room, theater room or office. Upstairs balcony off the master, perfect for enjoying mountain views. The master bedroom has 2 walk-in closets with organizers. Entertainers backyard with a Pebble Tec pool & full length covered patio. Repainted interior and exterior. One new and one newer R410a AC condensers.

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
 

$742,410$907,390$824,900

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 -$3,044
Property Tax -$505
Property Insurance -$84
HOA -$14
Property Management Fees -$99
CASH FLOW
-$85

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.

$824,900

PROJECTED PRICE

$3,660

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530$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$224,349

INVESTMENT

$224,349

Down Payment
$206,225
Rehab Estimate
$5,750
Closing Costs
$12,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,225
Loan Amount $618,675
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$50,027

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
  • $1.25

    LIST RENT PER SQFT
  • $4,106

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6603$4,4004$4,5005$4,800
$4,800
RENT COMPS ANALYSIS
  • 16569 N 104th Street Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 2,933 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,933 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,660
    • $1.25
    •  
  • 9845 E Mirasol Circle Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2003
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.21
    •  
  • 10853 E Verbena Lane Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 1998
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.47
    •  
  • 16630 N 109th Street Scottsdale, AZ 4
    • 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
    •  
  • 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 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.53
    •  
PROPERTY LISTING DETAILS
Kathleen Marohnic
Realty Capital Advisors
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149141
Last Updated: 10/30/2020
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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