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37294 N 97th Way Scottsdale, AZ 85262

5 Beds 4 Baths 4,004 sqft Built 2007

$1,250,000

List Price

$4,970

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $312.19
  • 3 Days on Market
  • MLS # : 6178710
  • Updated Date : 01/09/2021 at 17:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,004 sqft
  • Baths : 4 full
Listing Agent

Homie

Listing Agent's Description

Located in gated community of Bel Canto, Mirabel Village 15, single-level 5 bed, 4 bath home, 4,004 sf on over an acre of mature landscaping with views of Black Mountain from west-facing back yard, 12' & 10' ceilings and plantation shutters throughout, 7 zones equipped with centrally-controlled Klipsch speakers, Master Closet furnished with custom wardrobes, heated 16'x32' custom pool has motorized cover, in-floor cleaning and swim-up bar, covered BBQ area, putting green, travertine sun deck.

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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$4,473$5,467$4,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,970
EXPENSES Loan Payment -$4,342
Property Tax -$584
Property Insurance -$105
HOA -$75
Property Management Fees -$99
CASH FLOW
-$235

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.

$1,250,000

PROJECTED PRICE

$4,970

PROJECTED RENT

0.40%

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$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$54,336

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
  • $4,965

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,7003$5,250
$5,250
RENT COMPS ANALYSIS
  • 37294 N 97th Way Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9910 E Allison Way Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008
    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
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.31
    •  
PROPERTY LISTING DETAILS
Daryl R Snow
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178710
Last Updated: 01/09/2021
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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