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8702 E Lone Mountain Road Scottsdale, AZ 85266

4 Beds 4 Baths 5,406 sqft Built 2000

$1,625,000

List Price

$7,860

$7.6K - $8.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $300.59
  • 4 Days on Market
  • MLS # : 6207390
  • Updated Date : 03/18/2021 at 19:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 5,406 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Hard to find opportunity for the car enthusiast! Located in Pinnacle Peak Ranchos on a 4 plus acre lot, this spacious 5,406 square foot home is ready for someone to make it their own! A completely paved drive brings you well off the main road to your own private enclave. The main garage at the side of the home features three garage bays (one for an RV!) that can accommodate 6+ cars in addition to the porte-cochere and a circle drive for guests. The back garage has two oversized doors and can accommodate 4+ cars with additional parking around the structure. Inside the home there is something for everyone including a formal living/dining spaces, open concept kitchen/family/breakfast area...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Peak Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200kPrice in $122k1289k

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

Neighborhood: Pinnacle Peak Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455285

* 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
 

$1,462,500$1,787,500$1,625,000

PURCHASE PRICE

$7,074$8,646$7,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,860
EXPENSES Loan Payment -$5,644
Property Tax -$794
Property Insurance -$132
HOA -$2
Property Management Fees -$99
CASH FLOW
$1,189

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.

$1,625,000

PROJECTED PRICE

$7,860

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$436,375

INVESTMENT

$436,375

Down Payment
$406,250
Rehab Estimate
$5,750
Closing Costs
$24,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$5,644

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $406,250
Loan Amount $1,218,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$220,826

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $7,860

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $9,352

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$7,860
1$7,8602$9,000
$9,000
RENT COMPS ANALYSIS
  • 8702 E Lone Mountain Road Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 5,406 Sqft ∙ Built 2000 4 beds 4 baths ∙ 5,406 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $7,860
    • $1.45
    •  
  • 34068 N 79th Way Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 5,208 Sqft ∙ Built 1996 5 beds 5 baths ∙ 5,208 Sqft ∙ Built 1996
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $9,000
    • $1.73
    •  
PROPERTY LISTING DETAILS
Lisa Lucky
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207390
Last Updated: 03/18/2021
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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