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18650 N Thompson Peak Parkway #1055 Scottsdale, AZ 85255

3 Beds 2 Baths 1,773 sqft Built 2007

$615,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $346.87
  • 2 Days on Market
  • MLS # : 6155150
  • Updated Date : 11/02/2020 at 13:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,773 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Inviting former Model, single-level, end unit in the desirable gated Courtyards in DC Ranch. With features that include three bedrooms, two baths. One of the bedrooms is being used as an office and could be easily converted to a bedroom. Upon entering this 1,773 sf villa you will immediately notice the abundance of natural light and timeless finishes. The great room, dining room, and kitchen are great for entertaining. A perfect mix of charm and privacy with lock and leave convenience or a perfect year-round home. With the convenience's that DC Ranch location offers with Market Street, the DC Ranch Country Club, multiple pools, spas, tennis and hiking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silverleaf

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $122k2329k

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

Neighborhood: Silverleaf

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000650070007500Rent in $10457688

* 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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

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

$553,500$676,500$615,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,269
Property Tax -$362
Property Insurance -$62
HOA -$509
Property Management Fees -$99
CASH FLOW
-$531

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.

$615,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,713

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
  • $2,509

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3504$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 18650 N Thompson Peak Parkway #1055 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18694 N 91st Place Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1994
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
  • 18845 N 91st Way Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1991
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.50
    •  
  • 9439 E Palm Tree Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1991
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.29
    •  
  • 16420 N Thompson Peak Parkway #1063 Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2000
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Trisha L Junion
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155150
Last Updated: 11/02/2020
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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