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27090 N 109th Way Scottsdale, AZ 85262

3 Beds 3 Baths 2,447 sqft Built 2017

$1,075,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $439.31
  • 2 Days on Market
  • MLS # : 6207076
  • Updated Date : 03/14/2021 at 01:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,447 sqft
  • Baths : 3 full
Listing Agent

Trelora Realty

Listing Agent's Description

Don't miss your opportunity to see this very sought after single story home in the gated community of Ironhorse. Designed by Taylor Morrison this home is located on a premium lot w/ amazing mountain views. Walking through the custom iron door you will notice the large modern chandelier, open concept, & beautiful finishes. This floor plan was designed to blend interior & exterior areas together. A large corner wall slider showcases the 360 degree views while the atrium is a comforting indoor/outdoor living area. The open kitchen features upgraded cabinets & backsplash, walk in pantry, kitchen island & stainless steel GE Monogram appliances. Upgraded flooring, light fixtures, tankless water heater, & landscaping are just few upgrades. This home wont last long schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k813k

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

Neighborhood: Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$3,734
Property Tax -$502
Property Insurance -$75
HOA -$127
Property Management Fees -$99
CASH FLOW
-$1,477

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,075,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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-$25k-$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$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,734

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$118

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
  • $3,328

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8953$3,0004$3,4005$3,400
$3,400
RENT COMPS ANALYSIS
  • 27090 N 109th Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10764 E Greythorn Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2000
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.30
    •  
  • 28873 N 111th Place Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 1998
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.24
    •  
  • 27000 N Alma School Parkway #2004 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.29
    •  
  • 26664 N 104th Place Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2017
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.61
    •  
PROPERTY LISTING DETAILS
Brock S Embree
Trelora Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207076
Last Updated: 03/14/2021
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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