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29526 N 145th Place Scottsdale, AZ 85262

5 Beds 4 Baths 4,346 sqft Built 2003

$899,900

List Price

$4,180

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $207.06
  • 3 Days on Market
  • MLS # : 6128057
  • Updated Date : 11/05/2020 at 19:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,346 sqft
  • Baths : 4 full
Listing Agent

Hague Partners

Listing Agent's Description

Amazing opportunity for you to have over an acre of land, a Luxurious custom home and a substantial casita in Scottsdale. With no HOA and room for horses or pool you can own all of this for under $900,000. This home has a gourmet kitchen with stainless steel appliances, oversized island and it opens up to the spacious family room. The tranquil master suite is enormous and boasts an attached office/workout room. The custom features are endless with even a roof top deck, perfect for entertaining guests with a spectacular view. The beautiful guest casita has a 3 car garage and is over 1,700 square feet. The spotless main home also has a 3 car garage with ports for electric cars and a tankless hot water heater. The Captivating views and space make this an Incredible deal for any buyer lo

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
 

$809,910$989,890$899,900

PURCHASE PRICE

$3,762$4,598$4,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,180
EXPENSES Loan Payment -$3,320
Property Tax -$303
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$346

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.

$899,900

PROJECTED PRICE

$4,180

PROJECTED RENT

0.46%

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$50k

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$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,320

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$102,548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,180

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $5,867

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$4,180
1$4,1802$5,500
$5,500
RENT COMPS ANALYSIS
  • 29526 N 145th Place Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,346 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,346 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $4,180
    • $0.96
    •  
  • 30424 N 148th Street Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,068 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,068 Sqft ∙ Built 2000
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.35
    •  
PROPERTY LISTING DETAILS
Brian C Kusmer
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6128057
Last Updated: 11/05/2020
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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