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8102 E Appaloosa Trail Scottsdale, AZ 85258

4 Beds 3 Baths 3,300 sqft Built 1978

$1,099,000

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $333.03
  • 2 Days on Market
  • MLS # : 6206709
  • Updated Date : 03/12/2021 at 23:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,300 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Maricopa Real Estate Company

Listing Agent's Description

Beautiful custom pool home on nearly an acre in one of Scottsdale's premier subdivisions, McCormick Ranch. Interior features 4 bedrooms and 2.5 baths, tile in all the right places, vaulted ceilings, split floor plan, upgraded kitchen with granite countertops and stainless steel appliances. Exterior features include a premium 3/4 acre cul de sac lot with low maintenance front yard and expansive resort style back yard with pool and space for everything else! Dont miss your chance to see this one of a kind property today!

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PRICE & RENT TRENDS

Neighborhood: Paradise Park Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k660k

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

Neighborhood: Paradise Park Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453220

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$3,817
Property Tax -$514
Property Insurance -$91
HOA -$2
Property Management Fees -$99
CASH FLOW
-$643

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.

$1,099,000

PROJECTED PRICE

$3,880

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$20,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,880

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $4,175

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,7953$3,8804$4,4005$5,000
$5,000
RENT COMPS ANALYSIS
  • 8102 E Appaloosa Trail Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 1978 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $1.18
    •  
  • 10422 N 82nd Place Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,153 Sqft ∙ Built 1979
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.13
    •  
  • 12018 N Hayden Road Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1971 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1971
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.18
    •  
  • 11544 N 83rd Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 1990
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.32
    •  
  • 7855 E Desert Cove Avenue Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.43
    •  
PROPERTY LISTING DETAILS
Brady Murray
The Maricopa Real Estate Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206709
Last Updated: 03/12/2021
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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