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37344 N 110th Street Scottsdale, AZ 85262

5 Beds 5 Baths 4,536 sqft Built 2007

$1,295,000

List Price

$4,610

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $285.49
  • 3 Days on Market
  • MLS # : 6193637
  • Updated Date : 02/14/2021 at 05:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,536 sqft
  • Baths : 4 full , 1 half
Listing Agent

Walt Danley Christie's International Real Estate

Listing Agent's Description

Sitting in a prime location in East Mirabel is this rare Mediterranean gem. From the moment you walk through the charming courtyard reminiscent of a Spanish Villa to the 17' rotunda foyer you will fall in love. Ideal floor plan, all en-suite bedrooms, privacy and views, gourmet chef's kitchen, duo walk-in pantry, full-size wine fridge, and an entertainer's dream is the beginning of this masterpiece. Solar panel system (owned) and grandfathered metering system is as ideal as it comes to owning a home in our beautiful desert. Set on just over an acre of land you can enjoy the resort style backyard as is or make it your own. Plenty of room for a large pool and resort style backyard. This one owner home is exceptionally well maintained and ready for its new owners to call home sweet home.

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
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8
Sonoran Trails Middle School Middle Unknown NA

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

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$4,149$5,071$4,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,610
EXPENSES Loan Payment -$4,498
Property Tax -$605
Property Insurance -$116
HOA -$30
Property Management Fees -$99
CASH FLOW
-$738

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.

$1,295,000

PROJECTED PRICE

$4,610

PROJECTED RENT

0.36%

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

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$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$4,498

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$24,702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,610

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $4,113

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$4,1953$4,4504$4,610
$4,610
RENT COMPS ANALYSIS
  • 37344 N 110th Street Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 4,536 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,536 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $4,610
    • $1.02
    •  
  • 36435 N Porta Nuova Road Scottsdale, AZ 1
    • 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
    •  
  • 10935 E Siena Way Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 4,820 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,820 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $0.87
    •  
  • 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
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $1.05
    •  
PROPERTY LISTING DETAILS
Tina Marie Williams
Walt Danley Christie's International Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193637
Last Updated: 02/14/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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