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9028 E Meadow Hill Drive Scottsdale, AZ 85260

5 Beds 3 Baths 2,613 sqft Built 1990

$715,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $273.63
  • 4 Days on Market
  • MLS # : 6156582
  • Updated Date : 11/06/2020 at 12:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,613 sqft
  • Baths : 3 full
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

5 bedrooms, 3 baths! Completely remodeled home with the most desired floor plan. 2 new a/c's, new dual pane windows, new appliances, new cabinets, new flooring, paint, carpet. Kitchen is a dream, with a 10 foot island and seating on 3 sides, opens into the large vaulted ceiling great room. All bathrooms have new double sink vanities and fixtures. Bonus family room has white washed brick and custom fireplace mantel. Backyard has large patio and mature landscaping. Community pool is just a short walk away.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Point

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Eagle Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

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

$643,500$786,500$715,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,638
Property Tax -$334
Property Insurance -$77
HOA -$30
Property Management Fees -$99
CASH FLOW
-$529

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.

$715,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$11,363

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
  • $2,957

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$2,9504$3,0955$3,295
$3,295
RENT COMPS ANALYSIS
  • 9028 E Meadow Hill Drive Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,577 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8945 E Voltaire Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 1986
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.08
    •  
  • 9118 E Davenport Drive Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 1988
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.12
    •  
  • 9002 E Sutton Drive Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 1987
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.18
    •  
  • 9094 E Pine Valley Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 1991
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.21
    •  
PROPERTY LISTING DETAILS
Melissa Sanford
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156582
Last Updated: 11/06/2020
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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