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30600 N Pima Road #81 # 81 Scottsdale, AZ 85266

5 Beds 5 Baths 4,532 sqft Built 1996

INVESTimate

$1,050,000

List Price

$4,340

$4,090 - $4,590

Rent Est.

$1,079,715  ( +2.83%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $231.69
  • 26 Days on Market
  • MLS # : 6102934
  • Updated Date : 08/22/2020 at 09:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,532 sqft
  • Baths : 5 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful custom-built home with private guest house located in the exclusive guard gated community of Sincuidados. Featuring great entertainment space with formal living room, formal dining room with wet bar, and gourmet kitchen with breakfast nook open to large family room. The Gourmet kitchen includes Electrolux Stainless appliances, center island and walk in pantry. The spacious master suite includes A HUGE master shower with multiple control system, spa tub, dual vanities, bidet and two oversized custom closets. There are three additional bedrooms, and a private guest house with bedroom and living room off the pool. The backyard is perfect for entertaining with a newly remodeled sparkling pool & spa and built in BBQ. The oversized 3-car garage has plenty of built-in storage cabinets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sincuidados

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $122k1066k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sincuidados

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455224

* 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
Lone Mountain Elementary School Primary Regular 589 31 9
Lone Mountain Elementary School Middle Regular 589 31 9
Cactus Shadows High School High Regular 1,704 70 8

Lone Mountain Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Lone Mountain Elementary School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 31
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,906$4,774$4,340

RENT

DOWN PAYMENT
FINANCING

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-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,340
EXPENSES Loan Payment -$3,874
Property Tax -$490
Property Insurance -$115
HOA -$216
Property Management Fees -$99
CASH FLOW
-$455

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$1,050,000

PROJECTED PRICE

$4,340

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.83%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$34,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,340

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $5,469

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$4,340
1$4,3402$5,5003$5,5004$5,500
$5,500
RENT COMPS ANALYSIS
  • 30600 N Pima Road #81 Scottsdale, 1
    • 5 beds 5 baths ∙ 4,532 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,532 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $4,340
    • $0.96
    •  
  • 10110 E Duane Lane Scottsdale, 2
    • 5 beds 6 baths ∙ 4,619 Sqft ∙ Built 2001 5 beds 6 baths ∙ 4,619 Sqft ∙ Built 2001
    LEASED 03/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.19
    •  
  • 9390 E Monument Drive Scottsdale, 3
    • 4 beds 6 baths ∙ 4,814 Sqft ∙ Built 2002 4 beds 6 baths ∙ 4,814 Sqft ∙ Built 2002
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.14
    •  
  • 7214 E Alta Sierra Drive Scottsdale, 4
    • 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,276 Sqft ∙ Built 2003
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Penny Field
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6102934
Last Updated: 08/22/2020
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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