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36815 N Boulder View Drive Scottsdale, AZ 85262

5 Beds 4 Baths 4,066 sqft Built 2022

$899,900

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

Built 2022 NEW CONSTRUCTION
January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2022
  • Price/Sqft : $221.32
  • 6 Days on Market
  • MLS # : 6179769
  • Updated Date : 01/12/2021 at 01:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,066 sqft
  • Baths : 4 full
Listing Agent

Morgan Taylor Realty

Listing Agent's Description

NEW HOME TO BE BUILT on 1.3 Acres of prestine desert land behind you with views of Pinnacle Peak and Cone Mountain to name a few, plus conveniently located in North Scottsdale. Spacious 4,066 s.f., 5bd/4ba floor plan, Entry Tower option, granite countertops, shaker style cabinets, premium wood plank tile flooring, designer lighting, many options to make this home fit your lifestyle, plus a 4-car garage!! New Built 4,066 s.f. home is included in this price. Thishome checks all the boxes! Energy-Efficient Luxury home.

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PRICE & RENT TRENDS

Neighborhood: Boulder Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $122k1010k

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

Neighborhood: Boulder Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453965

* 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
 

$809,910$989,890$899,900

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$3,126
Property Tax -$420
Property Insurance -$106
HOA -$2
Property Management Fees -$99
CASH FLOW
-$833

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$899,900

PROJECTED PRICE

$2,920

PROJECTED RENT

0.32%

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) 3.00%
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$20k

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$240,474

INVESTMENT

$240,474

Down Payment
$224,975
Rehab Estimate
$2,000
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,695

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
  • $4,269

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$4,450
$4,450
RENT COMPS ANALYSIS
  • 36815 N Boulder View Drive Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,066 Sqft ∙ Built 2022 5 beds 4 baths ∙ 4,066 Sqft ∙ Built 2022
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 37428 N 97th Way Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.05
    •  
  • 36410 N Boulder View Drive Scottsdale, AZ 3
    • 4 beds 5 baths ∙ 4,240 Sqft ∙ Built 2010 4 beds 5 baths ∙ 4,240 Sqft ∙ Built 2010
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $1.05
    •  
PROPERTY LISTING DETAILS
Todd Stengel
Morgan Taylor Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179769
Last Updated: 01/12/2021
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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