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39821 N 107th Place Scottsdale, AZ 85262

4 Beds 5 Baths 4,895 sqft Built 2007

$1,695,000

List Price

$7,560

$7.3K - $7.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $346.27
  • 3 Days on Market
  • MLS # : 6160024
  • Updated Date : 11/13/2020 at 12:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,895 sqft
  • Baths : 4 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Builder's own home, this warm and inviting Tuscan/Santa Barbara style home with an open floor plan is 4,885 sf with 4 suites, 4 1/2 bathrooms with a 3 Car (Tesla Ready) Garage. Master, Study, and Jr Master (with separate entrance) are on the main level and two suites upstairs with a sitting area in between. Gourmet Kitchen with a large island and Viking appliances is the heart of the home with the Den nearby. An expansive bar and wine room separate the kitchen from the Great Room with views to the outdoor living room with travertine hard surfaces, outdoor fireplace/tv, BBQ, pool and spa. This home is move in ready, no remodel needed. Very nice outdoor space with south exposure on the patio. Most furnishings available by separate bill of sale. Seller would consider leasing back.

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
 

$1,525,500$1,864,500$1,695,000

PURCHASE PRICE

$6,804$8,316$7,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,560
EXPENSES Loan Payment -$6,254
Property Tax -$791
Property Insurance -$123
HOA -$42
Property Management Fees -$99
CASH FLOW
$251

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.

$1,695,000

PROJECTED PRICE

$7,560

PROJECTED RENT

0.45%

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

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$454,925

INVESTMENT

$454,925

Down Payment
$423,750
Rehab Estimate
$5,750
Closing Costs
$25,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$6,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $423,750
Loan Amount $1,271,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$145,565

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
  • $6,266

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$8,500
$8,500
RENT COMPS ANALYSIS
  • 39821 N 107th Place Scottsdale, AZ 1
    • 4 beds 5 baths ∙ 4,895 Sqft ∙ Built 2007 4 beds 5 baths ∙ 4,895 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 37268 N 110th Street Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 5,217 Sqft ∙ Built 2007 5 beds 5 baths ∙ 5,217 Sqft ∙ Built 2007
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $0.86
    •  
  • 10439 E Groundcherry Lane Scottsdale, AZ 3
    • 3 beds 5 baths ∙ 5,000 Sqft ∙ Built 1991 3 beds 5 baths ∙ 5,000 Sqft ∙ Built 1991
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $1.70
    •  
PROPERTY LISTING DETAILS
Kirk Marshall
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160024
Last Updated: 11/13/2020
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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