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16778 N 98th Place Scottsdale, AZ 85260

5 Beds 3 Baths 3,374 sqft Built 2006

$799,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $236.81
  • 4 Days on Market
  • MLS # : 6173043
  • Updated Date : 12/24/2020 at 12:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,374 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Located within a gated community in a prime Scottsdale location is this great family home that has been beautifully maintained by the original owners. The floor plan offers 5 bedrooms and 3 baths in 3374 SqFt. The living spaces include a front living room with 2-story ceilings, formal dining room with crown molding, family room with brick archway, custom built-ins and fireplace with brick surround; and spacious upstairs loft. The updated kitchen features an abundance of cabinetry, granite countertops, tile backsplash, gas cooktop, black appliances, large walk-in pantry, and oversized island with breakfast bar and pendant lighting. Sliding doors lead out to a private backyard complete with a sparkling saltwater pool with waterfall, easy-care artificial turf and view fencing. One bedroom*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trails North at Horsemans Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k628k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Trails North at Horsemans Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453097

* 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
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$2,948
Property Tax -$374
Property Insurance -$93
HOA -$31
Property Management Fees -$99
CASH FLOW
$45

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.

$799,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$40k

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$62,210

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
  • $3,939

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$4,1504$4,2005$4,500
$4,500
RENT COMPS ANALYSIS
  • 16778 N 98th Place Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9900 E Bahia Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,374 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.98
    •  
  • 9326 E Canyon View Road Scottsdale, AZ 3
    • 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.14
    •  
  • 17360 N 96th Way Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2017
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.32
    •  
  • 18443 N 94th Way Scottsdale, AZ 5
    • 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2006
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.23
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173043
Last Updated: 12/24/2020
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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