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9067 E Larkspur Drive Scottsdale, AZ 85260

4 Beds 2 Baths 2,286 sqft Built 1988

$649,900

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $284.30
  • 6 Days on Market
  • MLS # : 6153074
  • Updated Date : 10/30/2020 at 14:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,286 sqft
  • Baths : 2 full
Listing Agent

Local Board Real Estate

Listing Agent's Description

Beautifully Remodeled 4 Bed, 2 Bath Split Floorplan Home has All New Roof, HVAC, Dual Pane Windows, Sliding Doors in 2017. With Stunning Mountain Views, a Spacious Open Floorplan, Vaulted Ceilings, and Tile Floors throughout. The Kitchen features Quartz Countertops, Custom Cabinetry with Soft-Close Doors + Drawers, and Stainless-Steel Appliances with Gigantic Island Perfect for Entertaining + a Custom Built-in Wet Bar and Wood Burning Fireplace. The Master Bedroom offers access to Backyard, a Large Walk-in Closet & Features a Luxurious Master Bathroom with Soaker Tub, Rainfall Shower & Dual-Sink Custom Vanity. 3 Large Additional Bedrooms + Full Bath. The 2 Car Garage has Custom Built-in Storage Cabinets + RV-Gate. This House has it ALL! Welcome to your New HOME!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Trace

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k472k

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

Neighborhood: Country Trace

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
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,398
Property Tax -$304
Property Insurance -$72
HOA -$1
Property Management Fees -$99
CASH FLOW
-$384

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.

$649,900

PROJECTED PRICE

$2,490

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$16,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,635

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4503$2,4904$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 9067 E Larkspur Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.09
    •  
  • 9175 E Camino Del Santo Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.09
    •  
  • 9273 E Pershing Avenue E Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1992
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.16
    •  
  • 9220 E Dreyfus Place Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.13
    •  
  • 8895 E Wood Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 1992
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.23
    •  
PROPERTY LISTING DETAILS
Emily Wertz
Local Board Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153074
Last Updated: 10/30/2020
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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