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39613 N 107th Way Scottsdale, AZ 85262

3 Beds 4 Baths 2,990 sqft Built 1998

INVESTimate

$975,000

List Price

$4,250

$4,000 - $4,500

Rent Est.

$999,960  ( +2.56%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $326.09
  • 3 Days on Market
  • MLS # : 6121719
  • Updated Date : 08/24/2020 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,990 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Magnificent Arizona Sunset Views & Mountain Vistas are yours from the moment you walk into the home with unobstructed views forever. This stunning, almost 3,000 Sq. Ft., Bing Hu designed contemporary home host 3 bedroom, 3.5 bath and a split floor plan featuring beautiful new travertine & wood flooring and granite & tumbled marble counter tops. The Kitchen is very bright & open with New Stainless Steel Viking Refrigerator & Viking range top with oven & Viking Microwave & Warming Drawer. The patio is the perfect entertaining Mecca with heated pebble tec pool, spa, water feature, fire pit for cozy conversations and gas BBQ grill. Some furniture available under Separate Bill of Sale. Desert Mountain Golf Membership is available from the Desert Mountain Club with approval.

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PRICE & RENT TRENDS

Neighborhood: Desert Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $122k1329k

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

Neighborhood: Desert Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000550060006500Rent in $10456509

* 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

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$3,597
Property Tax -$455
Property Insurance -$85
HOA -$252
Property Management Fees -$99
CASH FLOW
-$239

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$975,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.56%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

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 50% 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

4.08

YEARS SAVED

$43,853

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
  • $4,814

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$6,000
$6,000
RENT COMPS ANALYSIS
  • 39613 N 107th Way Scottsdale, 1
    • 3 beds 4 baths ∙ 2,990 Sqft ∙ Built 1998 3 beds 4 baths ∙ 2,990 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36927 N 109th Way Scottsdale, 2
    • 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 2011
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.39
    •  
  • 10687 E Fernwood Lane Scottsdale, 3
    • 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.83
    •  
PROPERTY LISTING DETAILS
Kathy Reed
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121719
Last Updated: 08/24/2020
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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