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18910 N 95th Street Scottsdale, AZ 85255

5 Beds 3 Baths 3,361 sqft Built 1995

$875,000

List Price

$4,100

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $260.34
  • 3 Days on Market
  • MLS # : 6157081
  • Updated Date : 11/07/2020 at 10:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,361 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

A spacious living and dining area with soaring ceilings welcomes you into this home along with a dramatic and elegant staircase to the upstairs master and 3 other bedrooms; one that is very spacious is currently being used as a studio with wonderful views to the McDowell Mountains! The kitchen has a center island and eat-in area which flows to the comfortable family room complete with fireplace. There is an additional bedroom downstairs along with a bath that has an outside entrance.The backyard has been recently transformed into a resort like setting. Travertine pavers surround the pool and cover the back patio. The pool is salt water and has newer equipment in place (variable speed pump). The surface was recently recoated w/pebble sheen and new designer tiles & a copper water

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ironwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k511k

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

Neighborhood: Ironwood Village

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
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
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,100
EXPENSES Loan Payment -$3,228
Property Tax -$409
Property Insurance -$93
HOA -$7
Property Management Fees -$99
CASH FLOW
$264

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.

$875,000

PROJECTED PRICE

$4,100

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$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$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$92,440

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
  • $4,327

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$4,5004$4,5005$4,700
$4,700
RENT COMPS ANALYSIS
  • 18910 N 95th Street Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,361 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,361 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9451 E Trailside View Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2004
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.19
    •  
  • 18389 N 93rd Place Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 3,378 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,378 Sqft ∙ Built 2006
    LEASED 05/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.33
    •  
  • 18443 N 94th Way Scottsdale, AZ 4
    • 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
    •  
  • 9553 E Nittany Drive Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,361 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,361 Sqft ∙ Built 1994
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.40
    •  
PROPERTY LISTING DETAILS
Andrew R Bloom
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157081
Last Updated: 11/07/2020
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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