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35387 N 93rd Way Scottsdale, AZ 85262

4 Beds 2 Baths 2,167 sqft Built 2000

$750,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $346.10
  • 2 Days on Market
  • MLS # : 6190708
  • Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,167 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This is an amazing opportunity to purchase a TURN KEY home in the highly desirable golf course community of Legend Trail. This home features 4 bedrooms plus an office, a great room plan open to the updated kitchen with center island and dining area. The master is very spacious and features a huge walk in closet, double sinks and large shower. The other 3 bedrooms area also a good size. The office is off he entrance so it has nice views to the high Sonoran desert. The backyard has a pool, spa, fire pit and AMAZING views! The home is being sold with all contents as it is shown! The home also has a 2 car garage and the lot extends well beyond the fence line(see documents section) Enjoy all amenities of the Legend Trail Community Center included in the LOW HOA fees!

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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,605
Property Tax -$350
Property Insurance -$69
HOA -$24
Property Management Fees -$99
CASH FLOW
-$658

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.

$750,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.33%

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-$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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4503$2,4904$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 35387 N 93rd Way Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.15
    •  
  • 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
    •  
  • 8961 E Venus Drive Carefree, AZ 4
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1980
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.17
    •  
  • 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
Stephanie A Anderson
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190708
Last Updated: 02/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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