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17555 N 97th Street Scottsdale, AZ 85255

3 Beds 3 Baths 2,253 sqft Built 2014

$995,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $441.63
  • 2 Days on Market
  • MLS # : 6186385
  • Updated Date : 01/31/2021 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,253 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Situated on corner lot facing grassy park, this picturesque Windgate Ranch home features stunning mountain views, open floor plan and modernized decor. This home's recently painted interior, custom iron and glass doors, sleek black light fixtures and hardware truly make it stand out. Refreshed kitchen offers porcelain tile backsplash, butler pantry, 2 beverage drawers and island featuring new sink, quartz counters and white beadboard. Great room boasts linear fireplace featuring hand-laid white plank surround. The home's indoor/outdoor living space is separated by 20ft sliding glass doors offering unobstructed mountain views. The backyard features covered patio including gas fireplace, sparkling pool w/custom water/fire features, custom firepit and fantastic views.

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
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$3,456
Property Tax -$465
Property Insurance -$71
HOA -$320
Property Management Fees -$99
CASH FLOW
-$1,041

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.

$995,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.34%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,885

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
  • $3,120

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,1004$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 17555 N 97th Street Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16668 N 98th Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.28
    •  
  • 9822 E Cosmos Circle Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2003
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.34
    •  
  • 16650 N 98th Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.36
    •  
  • 17749 N 93rd Way Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2007
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.56
    •  
PROPERTY LISTING DETAILS
Don Matheson
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186385
Last Updated: 01/31/2021
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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