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28321 N 138th Place Scottsdale, AZ 85262

4 Beds 5 Baths 3,503 sqft Built 2005

INVESTimate

$779,000

List Price

$3,100

$2,850 - $3,350

Rent Est.

$796,138  ( +2.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $222.38
  • 5 Days on Market
  • MLS # : 6121374
  • Updated Date : 08/22/2020 at 13:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,503 sqft
  • Baths : 4 full , 1 half
Listing Agent

Cooper Premier Properties Llc

Listing Agent's Description

FABULOUS 3500+ square foot custom home on over an acre of prime land with expansive mountain VIEWS! Lots of room for horses! This quality home features a large 3 car garage, 4 bedrooms and 4.5 baths, a Chef's Gourmet kitchen with top of the line stainless steel appliances, knotty alder cabinets, sky lights for natural lighting, beehive fireplace, lots of gorgeous floor tile and gorgeous lighting/chandeliers. Wait until you see the HUGE back yard and expansive patio with the fenced in play pool! 4 large patios with pavers and stamped concrete, lots of room for enjoying the outdoors! The builder and seller spared no expense in this stunning home! This is truly and gem and very rare..Hurry as this one wont last long. Click ''more'' tab for further details about this amazing home!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k858k

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

Zip Code: 85262

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453760

* 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
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,874
Property Tax -$262
Property Insurance -$95
Property Management Fees -$99
CASH FLOW
-$231

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.

$779,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.20%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$35,637

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
  • $3,450

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,000
$4,000
RENT COMPS ANALYSIS
  • 28321 N 138th Place Scottsdale, 1
    • 4 beds 5 baths ∙ 3,503 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,503 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29725 N 141st Place Scottsdale, 2
    • 4 beds 4 baths ∙ 3,824 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,824 Sqft ∙ Built 2006
    LEASED 03/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.92
    •  
  • 27115 N 137th Street Scottsdale, 3
    • 5 beds 4 baths ∙ 3,812 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,812 Sqft ∙ Built 2006
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jon R. Cooper
Cooper Premier Properties Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121374
Last Updated: 08/22/2020
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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