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37135 N 97th Way Scottsdale, AZ 85262

5 Beds 5 Baths 4,150 sqft Built 2007

$975,000

List Price

$4,810

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $234.94
  • 3 Days on Market
  • MLS # : 6156147
  • Updated Date : 11/07/2020 at 13:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,150 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Quite possibly the BIGGEST (FIRST FLOOR) Master Bedroom Suite you've ever seen! The Best Priced home for sale in this exclusive golf community offers a quiet and rural lifestyle with sweeping mountain and desert views. Elevated on a hill on ALMOST AN ACRE LOT capturing city lights view, and front-row seats to some of Arizona's most spectacular sunsets. Whether you've been admiring it for years, or just now discovering it, you'll never forget the first time you step through the stately front doorway and into the foyer. It's likely you'll take a moment to pause and admire the stunning view through the large wall of windows overlooking the private backyard outdoor living space with cascades of waterfall pouring into the inviting swimming pool...It never disappoints.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mirabel Village

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1173k

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

Neighborhood: Mirabel Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454981

* 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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$4,329$5,291$4,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,810
EXPENSES Loan Payment -$3,597
Property Tax -$455
Property Insurance -$108
HOA -$25
Property Management Fees -$99
CASH FLOW
$525

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.

$975,000

PROJECTED PRICE

$4,810

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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$3.5M

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$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$129,997

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,810

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $5,146

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$4,700
1$4,7002$4,8103$5,250
$5,250
RENT COMPS ANALYSIS
  • 37135 N 97th Way Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,150 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,150 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,810
    • $1.16
    •  
  • 9910 E Allison Way Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.17
    •  
  • 10225 E Joy Ranch Road #385 Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 4,000 Sqft ∙ Built 1988 5 beds 5 baths ∙ 4,000 Sqft ∙ Built 1988
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.31
    •  
PROPERTY LISTING DETAILS
N'marie Crumbie
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156147
Last Updated: 11/07/2020
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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