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35328 N 94th Street Scottsdale, AZ 85262

3 Beds 2 Baths 2,167 sqft Built 2001

$769,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $355.28
  • 3 Days on Market
  • MLS # : 6199856
  • Updated Date : 03/13/2021 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,167 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Delightfully remodeled home in the peaceful Legend Trails Community. This home gives you over 2100 sq ft of living space, offering 3bedrooms, 2 bathrooms, formal dining and living space, a spacious great room with an electric built in fireplace. The open kitchen features allnew quartz countertops, tile backsplash, abundance of storage, stainless steel appliances, and a 9 foot island with a waterfall edge. Built-inceiling speakers immerse the great room in the sounds of your choosing as you walk into the master suite which has the wood look plank tilecarrying into a master bathroom. Walk in shower with 3 shower heads including a rain head and double vanities. No portion of this home has beenuntouched. The backyard has a pool and spa with mountain views. Make this house yours.

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
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
 

$692,910$846,890$769,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,674
Property Tax -$359
Property Insurance -$69
HOA -$24
Property Management Fees -$99
CASH FLOW
-$776

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.

$769,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$209,774

INVESTMENT

$209,774

Down Payment
$192,475
Rehab Estimate
$5,750
Closing Costs
$11,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,674

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,475
Loan Amount $577,425
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,514

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4503$2,4504$2,4955$2,850
$2,850
RENT COMPS ANALYSIS
  • 35328 N 94th Street Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.13
    •  
  • 9248 E Broken Arrow Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.13
    •  
  • 9419 E Whitewing Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.13
    •  
  • 34815 N 99th Way Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 2000
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.15
    •  
  • 9539 E Sandy Vista Drive Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,320 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,320 Sqft ∙ Built 2000
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.23
    •  
PROPERTY LISTING DETAILS
Kyle Holder
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199856
Last Updated: 03/13/2021
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.

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