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17458 N 97th Street Scottsdale, AZ 85255

3 Beds 3 Baths 3,130 sqft Built 2014

$1,195,000

List Price

$4,480

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $381.79
  • 5 Days on Market
  • MLS # : 6201787
  • Updated Date : 03/04/2021 at 04:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,130 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Absolutely stunning home in highly desirable, 24 hour guard-gated Windgate Ranch. Great location within the community, backing to open space/park. Comfortable floor plan with beautiful two toned kitchen cabinets, lovely light fixtures, and timeless wood flooring. The resort style backyard is complete with a Pebble tec pool, artificial turf, travertine tile and built in BBQ. Perfect outdoor space to entertain and enjoy the Arizona sunsets! 3 bedroom with a loft and separate den/office and 2.5 bathrooms. The Windgate Ranch community is in a great location in Scottsdale, with its close proximity to WestWorld, Ice Den, golfing, and very close distance to fine dining and the Gateway McDowell Mtn Preserve trailhead.

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
Chaparral High School High Regular 2,053 87 7

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$4,032$4,928$4,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,480
EXPENSES Loan Payment -$4,151
Property Tax -$559
Property Insurance -$88
HOA -$298
Property Management Fees -$99
CASH FLOW
-$715

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.

$1,195,000

PROJECTED PRICE

$4,480

PROJECTED RENT

0.37%

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-$10k$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$18,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,480

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $4,265

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,1953$4,2004$4,4805$4,800
$4,800
RENT COMPS ANALYSIS
  • 17458 N 97th Street Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 3,130 Sqft ∙ Built 2014 3 beds 3 baths ∙ 3,130 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $4,480
    • $1.43
    •  
  • 18146 N 93rd Place Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,052 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,052 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.31
    •  
  • 16734 N 98th Place Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,264 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,264 Sqft ∙ Built 2006
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $1.29
    •  
  • 17360 N 96th Way Scottsdale, AZ 3
    • 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
    •  
  • 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
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.53
    •  
PROPERTY LISTING DETAILS
Josie Pakula
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201787
Last Updated: 03/04/2021
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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