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9213 E Western Saddle Way Scottsdale, AZ 85255

3 Beds 3 Baths 2,477 sqft Built 2004

$850,000

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $343.16
  • 5 Days on Market
  • MLS # : 6192116
  • Updated Date : 02/11/2021 at 22:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,477 sqft
  • Baths : 2 full , 1 half
Listing Agent

American Realty Brokers

Listing Agent's Description

Spanish Colonial in prestigious DC Ranch located on upgraded lot facing quiet neighborhood park. Resort-style backyard with heated Pebble Tec pool & spa, large covered patio, built-in BBQ, and outdoor fireplace - perfect for entertaining! Upgraded wood & tile flooring, solid wood doors, and wood shutters throughout. Desirable floorplan has spacious bedrooms, large den, two tone paint, and gas fireplace. Living room features vaulted ceiling and a fantastic wood staircase. Large kitchen with island, stainless steel appliances, double oven, gas cooktop, granite slab countertops, and stone backsplash. Gated community near 101 freeway offers hiking trails, fitness center, and nearby shopping & dining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: DC Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k880k

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

Neighborhood: DC Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454285

* 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
Chaparral High School High Regular 2,053 87 7

Chaparral High School

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

$765,000$935,000$850,000

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$2,952
Property Tax -$500
Property Insurance -$75
HOA -$248
Property Management Fees -$99
CASH FLOW
-$355

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.

$850,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$19,075

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
  • $3,765

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$3,8504$3,9505$4,100
$4,100
RENT COMPS ANALYSIS
  • 9213 E Western Saddle Way Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,477 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,477 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9295 E Rockwood Drive Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,449 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,449 Sqft ∙ Built 1989
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.55
    •  
  • 9277 E Canyon View Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.50
    •  
  • 9224 E Palm Tree Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,652 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,652 Sqft ∙ Built 1994
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.49
    •  
  • 9118 E Topeka Drive Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,659 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,659 Sqft ∙ Built 1993
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.54
    •  
PROPERTY LISTING DETAILS
Kristina Harmon
American Realty Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192116
Last Updated: 02/11/2021
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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