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6069 E Ironwood Drive Scottsdale, AZ 85266

5 Beds 5 Baths 4,634 sqft Built 2001

$1,099,500

List Price

$5,240

$5K - $5.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $237.27
  • 2 Days on Market
  • MLS # : 6155986
  • Updated Date : 11/07/2020 at 19:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,634 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Stunning Monterey Sonoma model home perfectly positioned on a 1-acre premium lot located in the luxury gated neighborhood of The Preserve! $125,000 in upgrades/improvements by the original owner. Gourmet kitchen featuring high end soft close cabinets/pull out drawers, granite island & new top of the line GE Profile appliances. $50,000 12 zone audio-video system inside and out with 7 TV's included. Automatic custom sunscreens and plantation shutters that assist in energy efficiency. The spacious master bed/bath suite has its own home office space overlooking the backyard oasis. Swim in the fabulous lap pool and relax on the covered patios or down by the built-in barbecue area with NOAS behind it for maximum privacy. Attached casita with its own kitchen and entryway. Your dream home awaits!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k769k

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

Neighborhood: The Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454157

* 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
Desert Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
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
 

$989,550$1,209,450$1,099,500

PURCHASE PRICE

$4,716$5,764$5,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,240
EXPENSES Loan Payment -$4,057
Property Tax -$513
Property Insurance -$117
HOA -$100
Property Management Fees -$99
CASH FLOW
$354

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$1,099,500

PROJECTED PRICE

$5,240

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,118

INVESTMENT

$297,118

Down Payment
$274,875
Rehab Estimate
$5,750
Closing Costs
$16,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$4,057

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,875
Loan Amount $824,625
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$116,977

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,240

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $5,854

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$5,145
1$5,1452$5,2403$5,3004$6,465
$6,465
RENT COMPS ANALYSIS
  • 6069 E Ironwood Drive Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,634 Sqft ∙ Built 2001 5 beds 5 baths ∙ 4,634 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $5,240
    • $1.13
    •  
  • 5256 E Barwick Drive Cave Creek, AZ 1
    • 5 beds 5 baths ∙ 4,620 Sqft ∙ Built 2009 5 beds 5 baths ∙ 4,620 Sqft ∙ Built 2009
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,145
    • $1.11
    •  
  • 6462 E Oberlin Way Scottsdale, AZ 3
    • 4 beds 5 baths ∙ 4,287 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,287 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $1.24
    •  
  • 6347 E Ironwood Drive Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2000 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2000
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,465
    • $1.44
    •  
PROPERTY LISTING DETAILS
Elizabeth Mcdermott
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155986
Last Updated: 11/07/2020
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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