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16630 E Barwick Drive Scottsdale, AZ 85262

3 Beds 3 Baths 2,333 sqft Built 2007

$565,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $242.18
  • 3 Days on Market
  • MLS # : 6210259
  • Updated Date : 03/26/2021 at 18:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,333 sqft
  • Baths : 3 full
Listing Agent

North & Co

Listing Agent's Description

Custom Home Surrounded by Tranquil Mountain Views!! All The Beauty You'd Expect From Scottsdale, At An Unexpected Price! Delight Family & Friends With Your Uniquely Designed Dual Master & Great Room Floor Plan! This Quality Built Custom Home is Situated on A Private 1 Acre Lot, & Has 3 Bedrooms Total, Plus a Large Den, 3 Full Baths, a 3 Car Pull-Through Garage, & Stunning 360 Degree Mountain Views!! Well Appointed With Upscale & High Quality Finishes Throughout! No Builder Grade Materials Here!! Master Bedrooms Were Mindfully Split For Privacy. Soaring 12 Foot Ceilings Makes This Home Feel & Live Larger Than Square Footage! Distinctive Architecture, & Brilliant Natural Light! Highly Upgraded Kitchen With 2 Islands & 2 Sinks! Beautiful Solid Wood Maple Cabinets Adorned with Crown Molding,

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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,962
Property Tax -$190
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$14

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.

$565,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$32,230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,333

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3103$2,395
$2,395
RENT COMPS ANALYSIS
  • 16630 E Barwick Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.99
    •  
  • 16719 E Mongomery Road Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2019
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
  • 28407 N 154th Place Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,600 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,600 Sqft ∙ Built 2018
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jordan Pelletier
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210259
Last Updated: 03/26/2021
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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