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40070 N 107th Street Scottsdale, AZ 85262

3 Beds 5 Baths 4,890 sqft Built 1995

$1,925,000

List Price

$8,780

$8.5K - $9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $393.66
  • 3 Days on Market
  • MLS # : 6209683
  • Updated Date : 03/19/2021 at 22:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,890 sqft
  • Baths : 4 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Charming Southwest contemporary home designed by Ron Brissette on the Green Belt in Grey Fox and on a cul-de-sac. Enjoy mountain and sunset views all year round. Great privacy and city lights from your wrap around patio. Great attention to detail in every room. Three bedrooms, a game room with a full bath plus an office.Golf Membership may be available from the Sellers.

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
 

$1,732,500$2,117,500$1,925,000

PURCHASE PRICE

$7,902$9,658$8,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $8,780
EXPENSES Loan Payment -$6,686
Property Tax -$899
Property Insurance -$122
HOA -$43
Property Management Fees -$99
CASH FLOW
$930

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.

$1,925,000

PROJECTED PRICE

$8,780

PROJECTED RENT

0.46%

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$6.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$20k$40k$60k$80k$100k$120k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$515,875

INVESTMENT

$515,875

Down Payment
$481,250
Rehab Estimate
$5,750
Closing Costs
$28,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,686

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $481,250
Loan Amount $1,443,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$201,920

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $8,780

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $8,313

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$8,500
1$8,5002$8,780
$8,780
RENT COMPS ANALYSIS
  • 40070 N 107th Street Scottsdale, AZ 2
    • 3 beds 5 baths ∙ 4,890 Sqft ∙ Built 1995 3 beds 5 baths ∙ 4,890 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $8,780
    • $1.80
    •  
  • 10439 E Groundcherry Lane Scottsdale, AZ 1
    • 3 beds 5 baths ∙ 5,000 Sqft ∙ Built 1991 3 beds 5 baths ∙ 5,000 Sqft ∙ Built 1991
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $1.70
    •  
PROPERTY LISTING DETAILS
Karen A Baldwin
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209683
Last Updated: 03/19/2021
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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