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41773 N Stone Cutter Drive Scottsdale, AZ 85262

4 Beds 6 Baths 4,687 sqft Built 2008

$1,995,000

List Price

$9,660

$9.4K - $9.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $425.65
  • 10 Days on Market
  • MLS # : 6181530
  • Updated Date : 01/18/2021 at 17:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,687 sqft
  • Baths : 5 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Set high up in the Mountain where you can enjoy the Serenity of the absolute best Golf Community in the Desert Southwest. From behind the green, Saguaro Forest 35 offers you the most spectacular views up the 4th Fairway on the Chiricahua course, the highest elevation of the 6 signature Jack Nicklaus designs at the World renowned Desert Mountain Club featuring the newest Seven Desert Mountain(tm) course. Natural Stone uses in the flooring and decorative finishes, appears this fabulous hillside homesite is appropriately located on Stone Cutter Drive. Cozy also describes this modest 4,687 SF floor plan with 3 guest en-suites. The Master is split and has great views up the Mountain, a jetted tub, multiple shower options including a very special, private outdoor Sunset shower-garden...See

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
 

$1,795,500$2,194,500$1,995,000

PURCHASE PRICE

$8,694$10,626$9,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $9,660
EXPENSES Loan Payment -$6,929
Property Tax -$1,318
Property Insurance -$118
HOA -$62
Property Management Fees -$99
CASH FLOW
$1,133

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.

$1,995,000

PROJECTED PRICE

$9,660

PROJECTED RENT

0.48%

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$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$534,425

INVESTMENT

$534,425

Down Payment
$498,750
Rehab Estimate
$5,750
Closing Costs
$29,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,929

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $498,750
Loan Amount $1,496,250
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$220,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $9,660

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $7,968

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$8,500
1$8,5002$9,660
$9,660
RENT COMPS ANALYSIS
  • 41773 N Stone Cutter Drive Scottsdale, AZ 2
    • 4 beds 6 baths ∙ 4,687 Sqft ∙ Built 2008 4 beds 6 baths ∙ 4,687 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $9,660
    • $2.06
    •  
  • 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
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $1.70
    •  
PROPERTY LISTING DETAILS
Jim Stowell
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181530
Last Updated: 01/18/2021
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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