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3510 N Miller Road #1011 Scottsdale, AZ 85251

2 Beds 4 Baths 1,930 sqft Built 2017

$625,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $323.83
  • 4 Days on Market
  • MLS # : 6177927
  • Updated Date : 01/07/2021 at 23:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,930 sqft
  • Baths : 4 full
Listing Agent

The Agency

Listing Agent's Description

This is the closest detached living quarters you will ever get to the Giants Stadium! This beautiful open floor plan has upgraded hardwood floors throughout the entire property and also has an upgraded epoxy garage floor. It was built in 2017 and has had one owner who chose top notch fixtures and finishes during his build in which you won't find in any of the other units. With beautiful elegant waterfall countertops all the way to the white shaker cabinets to the ceiling this dream townhome is a wonderful place to live, meet incredible neighbors, and enjoy the wonderful things old town Scottsdale has to offer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Downtown Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Downtown Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Navajo Elementary School Primary Regular 391 28 5
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Navajo Elementary School

  • Education Level: Primary
  • # of students: 391
  • # of teachers: 28
5
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,171
Property Tax -$756
Property Insurance -$65
HOA -$199
Property Management Fees -$99
CASH FLOW
-$49

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.

$625,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) -0.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$24,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,416

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,0504$3,2505$3,400
$3,400
RENT COMPS ANALYSIS
  • 3510 N Miller Road #1011 Scottsdale, AZ 1
    • 2 beds 4 baths ∙ 1,930 Sqft ∙ Built 2017 2 beds 4 baths ∙ 1,930 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6803 E Main Street #5507 Scottsdale, AZ 2
    • 2 beds 3 baths ∙ 1,622 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,622 Sqft ∙ Built 2008
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.79
    •  
  • 6803 E Main Street #3309 Scottsdale, AZ 3
    • 2 beds 3 baths ∙ 1,811 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,811 Sqft ∙ Built 2008
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.68
    •  
  • 3233 N 70th Street #1017 Scottsdale, AZ 4
    • 2 beds 4 baths ∙ 1,939 Sqft ∙ Built 2017 2 beds 4 baths ∙ 1,939 Sqft ∙ Built 2017
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.68
    •  
  • 3510 N Miller Road #1002 Scottsdale, AZ 5
    • 2 beds 4 baths ∙ 1,762 Sqft ∙ Built 2017 2 beds 4 baths ∙ 1,762 Sqft ∙ Built 2017
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.93
    •  
PROPERTY LISTING DETAILS
Zachary Neff
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177927
Last Updated: 01/07/2021
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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