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

35423 N 86th Place Scottsdale, AZ 85266

4 Beds 5 Baths 3,449 sqft Built 1999

$1,100,000

List Price

$5,240

$5K - $5.5K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $318.93
  • 5 Days on Market
  • MLS # : 6174259
  • Updated Date : 12/25/2020 at 08:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,449 sqft
  • Baths : 4 full , 1 half
Listing Agent

Desert Properties Realty

Listing Agent's Description

GORGEOUS home located in the gated Community of Hawknest Trail! This SPECTACULAR home with its beautiful courtyard and pool and detached casita is an Oasis in the Desert! This home was designed for the entertainer in mind! A beautiful split open floor plan and a gourmet kitchen that is a chefs delight*a 6 burner gas cooktop, stainless double oven, built in refrigerator, large walk in panty, The large center kitchen island includes granite counterops with plenty of space for food prep. The great room sliding glass doors open up to the beautiful courtyard & pool making it easy to entertain your guests inside and out.*Beautiful travertine stone flooring throughout*A wet bar is strategically placed just off the great room and foyer. The spacious Master suite has its own private outdoor

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hawknest Trail

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1175k

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

Neighborhood: Hawknest Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455592

* 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$4,716$5,764$5,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,240
EXPENSES Loan Payment -$4,059
Property Tax -$514
Property Insurance -$94
HOA -$5
Property Management Fees -$99
CASH FLOW
$469

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.

$1,100,000

PROJECTED PRICE

$5,240

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$132,571

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
  • $5,294

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,5003$6,000
$6,000
RENT COMPS ANALYSIS
  • 35423 N 86th Place Scottsdale, AZ 1
    • 4 beds 5 baths ∙ 3,449 Sqft ∙ Built 1999 4 beds 5 baths ∙ 3,449 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8239 E Paint Pony Drive Carefree, AZ 2
    • 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1984
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.47
    •  
  • 8129 E Arroyo Seco Road Scottsdale, AZ 3
    • 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
Carol Lynn Letcher
Desert Properties Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174259
Last Updated: 12/25/2020
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