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36267 N 98th Way Scottsdale, AZ 85262

3 Beds 3 Baths 4,184 sqft Built 2005

$1,095,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $261.71
  • 4 Days on Market
  • MLS # : 6111179
  • Updated Date : 11/02/2020 at 19:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,184 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Unique one of a kind elaborate desert garden home in exclusive gated Sierra Norte in N Scottsdale. Spectacular well landscaped enclosed front courtyard. Resort backyard with pool, built in pool bar ,BBQ, ,fireplace, desert terraces ,expansive outside covered patios, commercial misting system ,total privacy (no house behind) Oversized guest quarters with amble kitchen upgraded appliances, ,breakfast nook ,family room, large bedroom and full bath with separate garage and separate yard accommodations..Elaborate open floor plan with 14' ceilings, work out room, large office with zoom wall.Entire house newly painted inside and out. Over sized garages. BEAUTIFUL!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Norte

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k917k

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

Neighborhood: Sierra Norte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454374

* 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
 

$985,500$1,204,500$1,095,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$4,040
Property Tax -$511
Property Insurance -$109
HOA -$119
Property Management Fees -$99
CASH FLOW
-$1,278

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.

$1,095,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$295,925

INVESTMENT

$295,925

Down Payment
$273,750
Rehab Estimate
$5,750
Closing Costs
$16,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,040

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $273,750
Loan Amount $821,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,098

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
  • $4,079

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,500
$4,500
RENT COMPS ANALYSIS
  • 36267 N 98th Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 4,184 Sqft ∙ Built 2005 3 beds 3 baths ∙ 4,184 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36435 N Porta Nuova Road Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 4,400 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,400 Sqft ∙ Built 2006
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.80
    •  
  • 8476 E Montello Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Ron Bergman
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6111179
Last Updated: 11/02/2020
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.

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