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18650 N Thompson Peak Parkway #2057 Scottsdale, AZ 85255

2 Beds 2 Baths 1,565 sqft Built 2007

$469,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $299.68
  • 2 Days on Market
  • MLS # : 6163586
  • Updated Date : 11/21/2020 at 17:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,565 sqft
  • Baths : 2 full
Listing Agent

Silverleaf Realty

Listing Agent's Description

Surrounded by the natural beauty of the Sonoran desert, this light and bright townhome is located in the gated Courtyards at Desert Park in Scottsdale's prestigious DC Ranch. Featuring an open floorplan, this unit boasts a den niche, gas appliances, granite countertops and white cabinets that are enhanced by an abundance of natural light. Enjoy a luxury lock and leave lifestyle with a community pool within the neighborhood and access to the many amenities offered in DC Ranch including two community centers, Market Street, and the Village Health Club - enjoy hiking at the Gateway Trailhead.

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
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,730
Property Tax -$276
Property Insurance -$58
HOA -$479
Property Management Fees -$99
CASH FLOW
-$42

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.

$469,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$22,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $2,171

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9503$1,9954$1,9955$2,600
$2,600
RENT COMPS ANALYSIS
  • 18650 N Thompson Peak Parkway #2057 Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.66
    •  
  • 16600 N Thompson Peak Parkway #2071 Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 2003
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.35
    •  
  • 9175 E Siesta Lane Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,297 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,297 Sqft ∙ Built 1991
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.50
    •  
  • 18920 N 89th Way Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.41
    •  
  • 18675 N 91st Street Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.29
    •  
PROPERTY LISTING DETAILS
Rhonda L. Claxton
Silverleaf Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163586
Last Updated: 11/21/2020
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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