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9001 E San Victor Drive #2020 Scottsdale, AZ 85258

3 Beds 2 Baths 2,149 sqft Built 2015

$659,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $306.65
  • 3 Days on Market
  • MLS # : 6160161
  • Updated Date : 11/13/2020 at 12:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,149 sqft
  • Baths : 2 full
Listing Agent

Insight Land & Investments

Listing Agent's Description

Gorgeous top floor townhome with the entire living area on one level, located just north of Scottsdale McCormick Ranch. Many custom upgrades in this spacious and open floor plan. This Top floor unit has panoramic views of Camelback Mountain and overlooks the park amenity, owner paid the highest lot premium in the development for this location. This is the largest floorplan within the development, 3 Bedrooms PLUS office and separate master suite. Gourmet kitchen with island, stainless steel appliances & kitchen fixtures, gas cooktop & granite countertops. Seller has custom electronic blinds throughout on remote control. Attached oversized 2-car garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Via Linda Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Via Linda Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455399

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$593,100$724,900$659,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,431
Property Tax -$308
Property Insurance -$69
HOA -$393
Property Management Fees -$99
CASH FLOW
-$541

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.

$659,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,814

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
  • $3,288

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,350
$3,350
RENT COMPS ANALYSIS
  • 9001 E San Victor Drive #2020 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7949 E Cholla Street Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.50
    •  
  • 9001 E San Victor Drive #2019 Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2016
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.56
    •  
PROPERTY LISTING DETAILS
Jeremy Lovejoy
Insight Land & Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160161
Last Updated: 11/13/2020
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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