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34535 N Ironwood Road Scottsdale, AZ 85266

4 Beds 4 Baths 3,590 sqft Built 1994

$1,375,000

List Price

$5,150

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $383.01
  • 3 Days on Market
  • MLS # : 6181607
  • Updated Date : 01/15/2021 at 21:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,590 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Private Desert Resort. Beautifully designed custom home, Light and open-featuring dramatic architectural detail, corners of butted glass in Great room, Master and Guest casita. Courtyard leads to Great room/ Dining with views of mountains and golf course. 3 fireplaces, 2 offices. Scenic, secluded lot. Ideal guest house overlooking pool & patio with outdoor fireplace. Tremendous outdoor living for relaxation & entertaining. Putting green and a roof deck w/360 degree views. Spacious kitchen, large island with wine storage, pantry, gas cooktop, custom cabinetry and row of view windows. Joining Breakfast area with fireplace and overlooking pool. Secluded master, special views. One level home. New exterior paint-2019. All amenities of The Boulders. Memberships available.24-Hr notice for showing

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulders Carefree

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k886k

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

Neighborhood: Boulders Carefree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453996

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
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
 

$1,237,500$1,512,500$1,375,000

PURCHASE PRICE

$4,635$5,665$5,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,150
EXPENSES Loan Payment -$4,776
Property Tax -$649
Property Insurance -$97
HOA -$45
Property Management Fees -$99
CASH FLOW
-$516

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.

$1,375,000

PROJECTED PRICE

$5,150

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.3%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$370,125

INVESTMENT

$370,125

Down Payment
$343,750
Rehab Estimate
$5,750
Closing Costs
$20,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$4,776

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $343,750
Loan Amount $1,031,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$40,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,150

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $5,182

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$5,000
1$5,0002$5,1503$5,5004$6,000
$6,000
RENT COMPS ANALYSIS
  • 34535 N Ironwood Road Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,590 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,590 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $5,150
    • $1.43
    •  
  • 1629 N Quartz Valley Road Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 3,940 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,940 Sqft ∙ Built 1985
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.27
    •  
  • 8193 E Sand Flower Drive Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 3,760 Sqft ∙ Built 1999 5 beds 5 baths ∙ 3,760 Sqft ∙ Built 1999
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.46
    •  
  • 8129 E Arroyo Seco Road Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 3,760 Sqft ∙ Built 2001 5 beds 5 baths ∙ 3,760 Sqft ∙ Built 2001
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.60
    •  
PROPERTY LISTING DETAILS
Arlene Little
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181607
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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