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4803 N Woodmere Fairway -- #3009 Scottsdale, AZ 85251

3 Beds 2 Baths 1,664 sqft Built 2014

$695,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $417.67
  • 2 Days on Market
  • MLS # : 6165557
  • Updated Date : 11/28/2020 at 10:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,664 sqft
  • Baths : 2 full
Listing Agent

Tru Realty

Listing Agent's Description

PREMIER TOP FLOOR/CORNER condominium in exclusive Sage community w/gorgeous Camelback views!! Beautifully appointed, light and bright, with high ceilings and wood floors throughout the spacious living area. The neutral design scheme includes custom draperies, chef grade Dacor stainless appliances including gas range and oversized fridge, and an open kitchen with lots of sleek cabinetry and a breakfast bar perfect for entertaining. Proceed from the grand entry foyer down the hall to two spacious guestrooms, both with views and a fully appointed second bath, full-size insuite laundry and then the master retreat - which is large enough for both a sitting area and desk area. See MORE......

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monterey Arcadia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k465k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Monterey Arcadia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182993

* 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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,564
Property Tax -$325
Property Insurance -$60
HOA -$547
Property Management Fees -$99
CASH FLOW
-$775

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$695,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,412

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
  • $2,970

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$3,0004$3,0005$3,800
$3,800
RENT COMPS ANALYSIS
  • 4803 N Woodmere Fairway -- #3009 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4909 N Woodmere Fairway -- #3004 Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.58
    •  
  • 4803 N Woodmere Fairway -- #2003 Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2014
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.80
    •  
  • 4909 N Woodmere Fairway -- #1010 Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.72
    •  
  • 7121 E Rancho Vista Drive #5011 Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2010
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.04
    •  
PROPERTY LISTING DETAILS
Julie Miachika
Tru Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165557
Last Updated: 11/28/2020
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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