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9022 E Hualapai Drive Scottsdale, AZ 85255

4 Beds 3 Baths 3,705 sqft Built 1997

$1,480,000

List Price

$5,050

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $399.46
  • 2 Days on Market
  • MLS # : 6184785
  • Updated Date : 01/23/2021 at 00:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,705 sqft
  • Baths : 3 full
Listing Agent

Casa Buena Realty, L.l.c.

Listing Agent's Description

OVER an ACRE in Scottsdale! SWEEPING MOUNTAIN VIEWS Near DC Ranch, TPC Golf, quick freeway access,and much more. HUGE STUDIO w/ Bamboo Floors PLUS Office. Arizona style and your own private desert in Scottsdale. 4 Bedrooms PLUS PLUS. Extra Extra LARGE Studio space available and flexible. EXTRA Office Mother-in-law space w/ sitting area included in the 4 BR. Large 3 car garage. Beautiful built in barbecue island and a luxurious play pool right outside the door. Expansive entertainment space into the front courtyard. EVEN BETTER VIEWS from the view deck! Hard to beat this price, this lot, or this house in this LOCATION! Several new homes being built in this area. Hard to find LOT and LOCATION!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pima Acres

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $122k1309k

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

Neighborhood: Pima Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455674

* 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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

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

$1,332,000$1,628,000$1,480,000

PURCHASE PRICE

$4,545$5,555$5,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,050
EXPENSES Loan Payment -$5,141
Property Tax -$692
Property Insurance -$99
HOA -$1
Property Management Fees -$99
CASH FLOW
-$982

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,480,000

PROJECTED PRICE

$5,050

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$397,950

INVESTMENT

$397,950

Down Payment
$370,000
Rehab Estimate
$5,750
Closing Costs
$22,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,141

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $370,000
Loan Amount $1,110,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$19,896

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,050

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $5,335

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$4,700
1$4,7002$4,7003$5,0004$5,0505$6,000
$6,000
RENT COMPS ANALYSIS
  • 9022 E Hualapai Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,705 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,705 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,050
    • $1.36
    •  
  • 18368 N 94th Way Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 2007
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.23
    •  
  • 9553 E Nittany Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,361 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,361 Sqft ∙ Built 1994
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.40
    •  
  • 9499 E Desert Park Drive Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 3,374 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,374 Sqft ∙ Built 2005
    property image
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.48
    •  
  • 18362 N 94th Place Scottsdale, AZ 5
    • 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2007 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2007
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.65
    •  
PROPERTY LISTING DETAILS
Luetta M Newnam
Casa Buena Realty, L.l.c.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184785
Last Updated: 01/23/2021
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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