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9069 E Ludlow Drive Scottsdale, AZ 85260

4 Beds 2 Baths 2,068 sqft Built 1985

$514,900

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $248.98
  • 3 Days on Market
  • MLS # : 6167897
  • Updated Date : 12/04/2020 at 15:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,068 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Beautiful single level home situated on an oversized and very private 13,605 sq. ft. cul de sac lot in North Scottsdale. New HVAC 5 ton, split heat pump, 17 seer, 2 stage system installed in Aug. 2020. The super spacious backyard includes a large covered patio and sparkling pebble tech pool with rock waterfall. Plantation shutters throughout. All brick and block construction. The side yard features an awesome custom iron/wood, extra wide RV gate and cement slab for parking toys, trailers, boats etc. No HOA! Perfectly located just across the street from Thunderbird Park including huge playgrounds, tennis, basketball and volleyball courts. Just a short 1-block walk to the elementary school. Highly desired area! Come see today! *List of Upgrades & Improvements located in the documents tab*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Scottsdale Vista North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Scottsdale Vista North

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
 

$463,410$566,390$514,900

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,900
Property Tax -$241
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$463

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.

$514,900

PROJECTED PRICE

$2,770

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,199

INVESTMENT

$142,199

Down Payment
$128,725
Rehab Estimate
$5,750
Closing Costs
$7,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,725
Loan Amount $386,175
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$92,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $2,766

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5953$2,7704$2,8955$2,900
$2,900
RENT COMPS ANALYSIS
  • 9069 E Ludlow Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.34
    •  
  • 13534 N 88th Place Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1991
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 9079 E Davenport Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1988
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.30
    •  
  • 8902 E Conieson Road Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1992
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.35
    •  
  • 8917 E Davenport Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1986
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.45
    •  
PROPERTY LISTING DETAILS
Michelle Biagi Bauer
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167897
Last Updated: 12/04/2020
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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