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29021 N 146th Place Scottsdale, AZ 85262

4 Beds 3 Baths 3,523 sqft Built 2005

$795,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $225.66
  • 3 Days on Market
  • MLS # : 6199539
  • Updated Date : 02/27/2021 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,523 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Enjoy a private lifestyle tucked away from it all, yet close to everything that Scottsdale has to offer! This Amazing home sits on 3 acres w/ unobstructed mountain views & plenty of room to grow/build/expand. Welcome guests into the beautiful entrance with formal dining and living area/wine room with travertine flooring & high ceilings. Entertaining will be seamless as you lead them into the expansive great room with hard wood floors & kitchen that features a large island & peninsula w/ granite counters, stainless appliances & RO water system. The great room offers a gas fireplace that will keep you warm on those chilly AZ nights. The spacious master retreat features its own sitting room & beautiful barn doors that open to the lavish bathroom with jacuzzi tub, shower with dual heads & huge

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
 

$715,500$874,500$795,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$2,761
Property Tax -$267
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
$307

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.

$795,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$76,039

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
  • $3,734

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,8004$3,900
$3,900
RENT COMPS ANALYSIS
  • 29021 N 146th Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,523 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,523 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 28713 N 148th Street Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,200 Sqft ∙ Built 1999
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.09
    •  
  • 27115 N 137th Street Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,812 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,812 Sqft ∙ Built 2006
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.00
    •  
  • 14136 E Gloria Lane Scottsdale, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Holly Hoepfner
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199539
Last Updated: 02/27/2021
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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