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39727 N 106th Place #111 Scottsdale, AZ 85262

4 Beds 4 Baths 4,251 sqft Built 2006

$1,650,000

List Price

$8,020

$7.8K - $8.3K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $388.14
  • 6 Days on Market
  • MLS # : 6177420
  • Updated Date : 01/12/2021 at 04:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,251 sqft
  • Baths : 4 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This beautiful home is a private sanctuary in the desert. A rare find with NO STEPS. Beautiful mountain and sunsets. It has quality, rich finishes and a lovely garden with charming sitting areas. The open living room leads to a gourmet kitchen. The large attached casita features a one bedroom full bath with separate living room area and separate entrance. Large 3 car garage with air conditioned garage for an RV parking. A golf or lifestyle membership may be purchased from the club.

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
 

$1,485,000$1,815,000$1,650,000

PURCHASE PRICE

$7,218$8,822$8,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $8,020
EXPENSES Loan Payment -$5,731
Property Tax -$792
Property Insurance -$110
HOA -$43
Property Management Fees -$99
CASH FLOW
$1,245

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.

$1,650,000

PROJECTED PRICE

$8,020

PROJECTED RENT

0.49%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k$100k

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$443,000

INVESTMENT

$443,000

Down Payment
$412,500
Rehab Estimate
$5,750
Closing Costs
$24,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$5,731

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $412,500
Loan Amount $1,237,500
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$222,724

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
  • $5,271

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,7003$5,250
$5,250
RENT COMPS ANALYSIS
  • 39727 N 106th Place #111 Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 4,251 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,251 Sqft ∙ Built 2006
    property image
    • 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
    property image
    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
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.31
    •  
PROPERTY LISTING DETAILS
Cynthia I Kolander
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177420
Last Updated: 01/12/2021
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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