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28990 N White Feather Lane #149 Scottsdale, AZ 85262

3 Beds 4 Baths 2,963 sqft Built 2001

$699,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $235.91
  • 2 Days on Market
  • MLS # : 6163295
  • Updated Date : 11/20/2020 at 22:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,963 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

VIEWS! VIEWS! VIEWS! in the gated community of Stonedge on the 2nd hole of Troon Golf Course! The most desired lost in the community with breathtaking golf, city lights and mountains straight out your back yard! Nestled amid rugged boulder outcroppings and DRAMATIC UNENCUMBERED VIEWS. 3 Bed/3.5 Bath, 2 Masters (One Up One Down) & 3rd Bed has a private balcony. Built-in dual Office w/views! Gorgeous Kitchen with Hickory cabinets, tropic brown granite counters & Large pantry. New appliances include microwave, wine cooler, Wolf Gas cooktop, Bosch dishwasher & refrigerator. BBQ grill. Top of the line features, Pella windows & Alderwood doors. Covered patio, built-in BBQ. Walking distance to Troon North Club and minutes to the best hiking, golf, shopping and dining in Scottsdale! See it toda

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,579
Property Tax -$326
Property Insurance -$85
HOA -$463
Property Management Fees -$99
CASH FLOW
-$632

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.

$699,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.42%

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,772

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,511

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,920
1$2,9202$3,3003$3,3504$3,5005$3,750
$3,750
RENT COMPS ANALYSIS
  • 28990 N White Feather Lane #149 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,963 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,963 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $0.99
    •  
  • 10894 E Hedgehog Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 2002
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.02
    •  
  • 10222 E Southwind Lane #1041 Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 1996
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.27
    •  
  • 27892 N 108th Way Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,233 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.08
    •  
  • 9405 E Quarry Trail Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,747 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,747 Sqft ∙ Built 1995
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.37
    •  
PROPERTY LISTING DETAILS
James Wexler
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163295
Last Updated: 11/20/2020
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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