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

33010 N 140th Street Scottsdale, AZ 85262

4 Beds 4 Baths 3,297 sqft Built 2006

$950,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $288.14
  • 2 Days on Market
  • MLS # : 6188474
  • Updated Date : 02/06/2021 at 00:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,297 sqft
  • Baths : 4 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Genuine Arizona horse property on approx. 3 acres, fully fenced and gated within close distance to the fantastic Granite Mountain Trail System and Tonto Natl Forest. This quality-built custom home features an open great room concept with wooden beams and a cozy fireplace. The spacious kitchen has a large kitchen bar, nice breakfast nook, custom cabinets and new propane range. Large Master bed / bath with charming copper tub and sizable his & hers walk-in closets. Split floor plan with good-size guest rooms. The private well has a new well pump. Bring your horses in the 5-stall mare motel. Each stall has a turn-out space. Plenty of room to expand the horse setup. Mountain views and shade trees all over the property! Enjoy the Rio Verde Foothills Lifestyle....

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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$3,300
Property Tax -$319
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
-$640

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.

$950,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.33%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$13,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,445

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,025
1$3,0252$3,1703$3,900
$3,900
RENT COMPS ANALYSIS
  • 33010 N 140th Street Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,297 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,297 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $0.96
    •  
  • 13924 E Carefree Highway Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 3,036 Sqft ∙ Built 2020 3 beds 4 baths ∙ 3,036 Sqft ∙ Built 2020
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,025
    • $1.00
    •  
  • 14136 E Gloria Lane Scottsdale, AZ 3
    • 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
Bonnie Burke
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188474
Last Updated: 02/06/2021
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.

BESbswy