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27861 N 108th Way N Scottsdale, AZ 85262

2 Beds 2 Baths 1,796 sqft Built 2002

$549,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $306.18
  • 6 Days on Market
  • MLS # : 6153525
  • Updated Date : 10/30/2020 at 19:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,796 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Rare opportunity to get into the exclusive, highly coveted community of Pinnacle Canyon at Troon North for under a Million Dollars! This perfect low maintenance golf property is ideal for a winter home and for those who want to be close to it all in North Scottsdale. 5 championship golf courses within miles, mountain views, next to the world-class Four Seasons Resort and spa with award-winning dining. Enjoy all the Sonoran desert offers, from nearby hiking and biking trails to horseback riding and crystal clear starry night skies. This home is the gateway to the North Scottsdale living of your dreams. Tucked into this gated community, you'll find pride in ownership in this spacious two bedroom two bath split plan home with high ceilings and lots of natural light. A beautiful open..

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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,029
Property Tax -$257
Property Insurance -$62
HOA -$39
Property Management Fees -$99
CASH FLOW
-$236

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.

$549,900

PROJECTED PRICE

$2,250

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$18,528

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
  • $2,411

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,5004$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 27861 N 108th Way N Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,796 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,796 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 27784 N 108th Way Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,998 Sqft ∙ Built 2002
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.08
    •  
  • 11471 E Quartz Rock Road Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 1,743 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,743 Sqft ∙ Built 1996
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.43
    •  
  • 27000 N Alma School Parkway #1010 Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 2,110 Sqft ∙ Built 2014 2 beds 2 baths ∙ 2,110 Sqft ∙ Built 2014
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.35
    •  
  • 27000 N Alma School Parkway #1005 Scottsdale, AZ 5
    • 2 beds 3 baths ∙ 1,987 Sqft ∙ Built 2014 2 beds 3 baths ∙ 1,987 Sqft ∙ Built 2014
    property image
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.51
    •  
PROPERTY LISTING DETAILS
Michele Tyler
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153525
Last Updated: 10/30/2020
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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