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28628 N 144th Street Scottsdale, AZ 85262

4 Beds 3 Baths 3,554 sqft Built 2007

$949,900

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $267.28
  • 4 Days on Market
  • MLS # : 6186114
  • Updated Date : 01/28/2021 at 23:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,554 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful custom 4 bedroom, 3 bath home sits on an all pavement 1 acre lot with gorgeous Mountain Views!! The grand entrance welcomes you to an open floor plan. The home boasts a large open kitchen with beautiful knotty alder cabinetry, travertine, and quality details throughout. The high-end finishes include 48''built- in GE Monogram refrigerator, gas cooktop w/ custom stone vent hood, double ovens, and wine fridge in spacious serving bar. Spacious Master suite with fireplace, large master closet and split double vanity bathroom

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
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
 

$854,910$1,044,890$949,900

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$3,299
Property Tax -$319
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
$66

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.

$949,900

PROJECTED PRICE

$3,880

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
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$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$257,474

INVESTMENT

$257,474

Down Payment
$237,475
Rehab Estimate
$5,750
Closing Costs
$14,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,475
Loan Amount $712,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$62,242

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,880

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $4,253

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,880
1$3,8802$3,9003$4,0004$5,250
$5,250
RENT COMPS ANALYSIS
  • 28628 N 144th Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,554 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,554 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $1.09
    •  
  • 14136 E Gloria Lane Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,578 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,578 Sqft ∙ Built 2003
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.09
    •  
  • 27115 N 137th Street Scottsdale, AZ 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
    •  
  • 13630 E Bobwhite Way Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.45
    •  
PROPERTY LISTING DETAILS
Hayley Mitchell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186114
Last Updated: 01/28/2021
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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