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

34027 N 99th Place Scottsdale, AZ 85262

3 Beds 3 Baths 3,110 sqft Built 2002

INVESTimate

$815,000

List Price

$3,280

$3,030 - $3,530

Rent Est.

$845,400  ( +3.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $262.06
  • 5 Days on Market
  • MLS # : 6119771
  • Updated Date : 08/25/2020 at 13:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Launch Real Estate

Listing Agent's Description

Located in the gated Preserve Summit neighborhood of Legend Trail, this beautiful home sits on a large cul-de-sac lot and embodies resort living at its finest! The interior features walls of windows, a spacious chef's kitchen with upgraded SS appliances and alder cabinets, dramatic formal dining room with built-in buffet, large & luxurious master suite and no interior steps! A 3 car garage w/built-in cabinets & a large yard with pool, spa and rock waterfall complete this delightful home. The community of Legend Trail offers a resort lifestyle with a 10,000 sq ft community center, 2 community pools, spa, lighted tennis & pickle ball courts, state-of-the-art fitness center & walking paths. The Golf Club has been called 1 of the Top 100 golf courses by Golf Magazine & top 100 women-friendly

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Legend Trail

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k733k

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

Neighborhood: Legend Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453250

* 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
 

$733,500$896,500$815,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,007
Property Tax -$400
Property Insurance -$88
HOA -$123
Property Management Fees -$99
CASH FLOW
-$437

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.

$815,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$221,725

INVESTMENT

$221,725

Down Payment
$203,750
Rehab Estimate
$5,750
Closing Costs
$12,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $203,750
Loan Amount $611,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$21,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $3,561

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2804$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 34027 N 99th Place Scottsdale, 3
    • 3 beds 3 baths ∙ 3,110 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,110 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.05
    •  
  • 9475 E Sandy Vista Drive Scottsdale, 1
    • 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 1999
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.11
    •  
  • 9459 E Sandy Vista Drive Scottsdale, 2
    • 3 beds 3 baths ∙ 2,801 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,801 Sqft ∙ Built 1998
    LEASED 04/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.14
    •  
  • 9847 E Preserve Way Scottsdale, 4
    • 4 beds 4 baths ∙ 2,828 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,828 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
  • 34623 N 99th Way Scottsdale, 5
    • 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2002
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
PROPERTY LISTING DETAILS
Sara Elich
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119771
Last Updated: 08/25/2020
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.

BESbswy