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9068 E Chino Drive Scottsdale, AZ 85255

5 Beds 4 Baths 5,462 sqft Built 1998

$1,800,000

List Price

$7,560

$7.3K - $7.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $329.55
  • 3 Days on Market
  • MLS # : 6178795
  • Updated Date : 01/08/2021 at 23:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,462 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Stunning corner lot home has large circular driveway, side vehicle entry garage, and RV gates. Beautiful double door entry. Formal living/dining with coffered ceilings. Tile & Carpet throughout. Private home office. Powder room off main living area. Large laundry/craft room. Spacious open floor plan with wet bar and fireplace. The eat-in kitchen has a plethora of custom cabinets, beautiful granite counters, breakfast bar seating, wall mount double ovens, sub-zero fridge. The master has a cozy fireplace, beautiful en-suite includes a double vanity, jetted tub, step-in shower and a large custom closet. The serene backyard has a large covered patio, fenced pool & spa, Ramada with an outdoor kitchen, and majestic mountain views! Close to all that Scottsdale has to offer with shopping, dining.

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
 

$1,620,000$1,980,000$1,800,000

PURCHASE PRICE

$6,804$8,316$7,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $7,560
EXPENSES Loan Payment -$6,252
Property Tax -$905
Property Insurance -$134
HOA -$1
Property Management Fees -$99
CASH FLOW
$169

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.

$1,800,000

PROJECTED PRICE

$7,560

PROJECTED RENT

0.42%

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

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

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,750

INVESTMENT

$482,750

Down Payment
$450,000
Rehab Estimate
$5,750
Closing Costs
$27,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$6,252

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $450,000
Loan Amount $1,350,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$117,919

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
  • $7,101

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,250
$7,250
RENT COMPS ANALYSIS
  • 9068 E Chino Drive Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 5,462 Sqft ∙ Built 1998 5 beds 4 baths ∙ 5,462 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19989 N 94th Way Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 5,580 Sqft ∙ Built 2004 5 beds 5 baths ∙ 5,580 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,250
    • $1.30
    •  
PROPERTY LISTING DETAILS
Charles Ciriello
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178795
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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