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27238 N 109th Way Scottsdale, AZ 85262

3 Beds 4 Baths 2,729 sqft Built 2018

$910,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $333.46
  • 6 Days on Market
  • MLS # : 6155559
  • Updated Date : 11/06/2020 at 15:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,729 sqft
  • Baths : 4 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Luxuriously appointed 2018 desert contemporary with privacy and views is perfectly located in the gated enclave of Ironhorse across from the Four Seasons Resort. Highly upgraded interior finishes as well as an outdoor living experience with water feature & room for a pool (see docs) make this a perfect choice. Enjoy a cool color palette with all of today's favorite design elements in a great room split master plan with two additional suites plus office & 4th full bath. Open living areas invite the outdoors in, with plenty of natural light. 12' triple sliding glass doors celebrate the Arizona lifestyle. Dine al fresco or simply relax without the worry of high maintenance living. This perfect lock & leave is just minutes from the Troon community, and area shopping & dining. Welcome Home!

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
Desert Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

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
 

$819,000$1,001,000$910,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$3,357
Property Tax -$425
Property Insurance -$80
HOA -$127
Property Management Fees -$99
CASH FLOW
-$358

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.

$910,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.41%

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-$10k$0.0$10k$20k$30k

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$246,900

INVESTMENT

$246,900

Down Payment
$227,500
Rehab Estimate
$5,750
Closing Costs
$13,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,357

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $227,500
Loan Amount $682,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$31,923

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
  • $3,720

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$4,200
$4,200
RENT COMPS ANALYSIS
  • 27238 N 109th Way Scottsdale, AZ 1
    • 3 beds 5 baths ∙ 2,696 Sqft ∙ Built 2018 3 beds 5 baths ∙ 2,696 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 27000 N Alma School Parkway #2004 Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2014
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.29
    •  
  • 24955 N 114th Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,864 Sqft ∙ Built 2001
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.47
    •  
PROPERTY LISTING DETAILS
Sally Cashman
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155559
Last Updated: 11/06/2020
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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