Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

28990 N White Feather Lane #129 Scottsdale, AZ 85262

2 Beds 3 Baths 2,008 sqft Built 1999

$519,500

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $258.72
  • 4 Days on Market
  • MLS # : 6159130
  • Updated Date : 11/14/2020 at 14:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,008 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

What a retreat at the spectacular world class Troon North Golf Resort. Located in the gated community of Stonedge this 2008 sq ft townhome is nestled among the boulders, with open space area behind & desert views from every room. Second floor features laundry room, two spacious master bedrooms each with their own bathroom & private patio. The main living area has a half bath, large kitchen with ample cabinet storage, breakfast bar, dining room open to living area having a cozy fireplace for those chilly Arizona nights. Lovely private outdoor space with covered patio. The Stonedge community has it's own pool & hot tub. Golfing, hiking and biking nearby! If it's turn key you're looking for all furnishings negotiable.

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
 

$467,550$571,450$519,500

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,917
Property Tax -$243
Property Insurance -$66
HOA -$423
Property Management Fees -$99
CASH FLOW
-$468

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.

$519,500

PROJECTED PRICE

$2,280

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$143,418

INVESTMENT

$143,418

Down Payment
$129,875
Rehab Estimate
$5,750
Closing Costs
$7,793

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,917

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,875
Loan Amount $389,625
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,276

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2803$2,5004$2,500
$2,500
RENT COMPS ANALYSIS
  • 28990 N White Feather Lane #129 Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 2,008 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,008 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.14
    •  
  • 27784 N 108th Way Scottsdale, AZ 1
    • 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
    •  
  • 28990 N White Feather Lane #169 Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 2,008 Sqft ∙ Built 2000 2 beds 3 baths ∙ 2,008 Sqft ∙ Built 2000
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 28527 N 101st Place Scottsdale, AZ 4
    • 2 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003 2 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Denise Bonati
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159130
Last Updated: 11/14/2020
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.

BESbswy