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39661, N 106th Street Scottsdale, AZ 85262

4 Beds 5 Baths 4,005 sqft Built 2006

$1,645,000

List Price

$5,700

$5.5K - $6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $410.74
  • 2 Days on Market
  • MLS # : 6190900
  • Updated Date : 02/06/2021 at 17:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,005 sqft
  • Baths : 4 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Gorgeous light & bright Southwest transitional custom home with views of the city lights and gorgeous sunsets in Desert Mountain: The home is impeccably maintained/move in ready and offers an extraordinary abundance of natural light thru out. Chef's kitchen with wolf/Sub Zero, Miele coffee maker, Bosch D/W, a 10'pocket door that opens up to the outdoor patio, Knotty Alder interior doors, Blue Flagstone, reclaimed wood floors, detailed tile work in all the baths, soap stone/granite counter tops, surround, a NEW BBQ Grill, 3 fireplaces and much more. The home is owned by an Interior Designer and furnishings are sold on a separate bill of sale. Club Membership is available by separate application at a cost. One of the most enjoyable features is the Dog Park for dog lover

SEE MORE

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
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
 

$1,480,500$1,809,500$1,645,000

PURCHASE PRICE

$5,130$6,270$5,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,700
EXPENSES Loan Payment -$5,714
Property Tax -$768
Property Insurance -$105
HOA -$43
Property Management Fees -$99
CASH FLOW
-$1,029

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.

$1,645,000

PROJECTED PRICE

$5,700

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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-$20k-$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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$441,675

INVESTMENT

$441,675

Down Payment
$411,250
Rehab Estimate
$5,750
Closing Costs
$24,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,714

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $411,250
Loan Amount $1,233,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$24,414

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
  • $4,432

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,7004$5,250
$5,250
RENT COMPS ANALYSIS
  • 39661, N 106th Street Scottsdale, AZ 1
    • 4 beds 5 baths ∙ 4,005 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,005 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.84
    •  
  • 9910 E Allison Way Scottsdale, AZ 3
    • 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 4
    • 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
Cheryl Solano
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190900
Last Updated: 02/06/2021
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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