Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

39670 N 98th Way Scottsdale, AZ 85262

3 Beds 3 Baths 3,316 sqft Built 2008

$1,427,000

List Price

$4,660

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $430.34
  • 7 Days on Market
  • MLS # : 6163972
  • Updated Date : 11/25/2020 at 10:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,316 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This desert contemporary home is the perfect combination of indoor/outdoor living! The Great Room floorpan lends itself to seamless entertaining with electric pocket doors opening an entire wall to the spacious patio, mountain and sunset views. Master suite includes a lovely master bath, large bedroom with fireplace and private office. The additional 2 ensuite bedrooms are perfect for your guests or family visitors. Fabulous gourmet kitchen with large island, walk-in pantry, wet bar and wine room . Expansive patio has outdoor kitchen, negative edge pool, spa and water feature with fire pots.Recent improvements: Large mesquite trees planted b/t pool and arroyo; misting system new pump and nozzles; repaired ;new landscape lighting;Wifi smart thermostats;Added mesh network & enhanced

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
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
 

$1,284,300$1,569,700$1,427,000

PURCHASE PRICE

$4,194$5,126$4,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,660
EXPENSES Loan Payment -$5,265
Property Tax -$687
Property Insurance -$92
HOA -$42
Property Management Fees -$99
CASH FLOW
-$1,524

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.

$1,427,000

PROJECTED PRICE

$4,660

PROJECTED RENT

0.33%

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

PROJECTED ANNUAL CASH FLOW

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

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$383,905

INVESTMENT

$383,905

Down Payment
$356,750
Rehab Estimate
$5,750
Closing Costs
$21,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,265

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $356,750
Loan Amount $1,070,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$5,099

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
  • $4,676

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$6,000
$6,000
RENT COMPS ANALYSIS
  • 39670 N 98th Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 2008 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 2008
    • 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
    •  
  • 10687 E Fernwood Lane Scottsdale, AZ 3
    • 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
Anne Morrissey
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163972
Last Updated: 11/25/2020
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.

BESbswy