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37148 N 102nd Street Scottsdale, AZ 85262

4 Beds 3 Baths 3,344 sqft Built 2004

$1,160,000

List Price

$3,860

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $346.89
  • 2 Days on Market
  • MLS # : 6168243
  • Updated Date : 12/05/2020 at 17:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,344 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Welcome home to 102nd Street in the exclusive Cresta Norte neighborhood. Within a gated community your privacy is a high priority. This Stunning Contemporary home is surrounded by scenic mountain views and private open spaces. Travertine flows through out the home, with a chef''s gourmet kitchen, granite counter tops, Gas cook top and all top of the line appliances with a walk in pantry. Split floor plan with large owners suite offers you separation from the other bedrooms. Beautiful resort style backyard with outside seating areas, sparkling pool and spa. Perfect for family time or a entertainers delight.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Estates at Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k927k

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

Neighborhood: The Estates at Cave Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454141

* 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
 

$1,044,000$1,276,000$1,160,000

PURCHASE PRICE

$3,474$4,246$3,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,860
EXPENSES Loan Payment -$4,280
Property Tax -$542
Property Insurance -$92
HOA -$125
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.

$1,160,000

PROJECTED PRICE

$3,860

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$313,150

INVESTMENT

$313,150

Down Payment
$290,000
Rehab Estimate
$5,750
Closing Costs
$17,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $290,000
Loan Amount $870,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,567

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
  • $4,693

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,5004$6,000
$6,000
RENT COMPS ANALYSIS
  • 37148 N 102nd Street Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,344 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,344 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 40199 N 105th Place Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 3,528 Sqft ∙ Built 1992 3 beds 4 baths ∙ 3,528 Sqft ∙ Built 1992
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.99
    •  
  • 36927 N 109th Way Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 2011
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.39
    •  
  • 10687 E Fernwood Lane Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.83
    •  
PROPERTY LISTING DETAILS
Nancy L Totten
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168243
Last Updated: 12/05/2020
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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