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9233 E Blanche Drive Scottsdale, AZ 85260

3 Beds 2 Baths 1,720 sqft Built 1992

$625,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $363.37
  • 3 Days on Market
  • MLS # : 6206188
  • Updated Date : 03/12/2021 at 19:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,720 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Impeccable Home and Amazing, Convenient Location in Scottsdale with Mountain Views. Remodeled and Meticulous. Handsome finishes, Granite throughout, Beautiful maple cabinetry. No Carpet. Vaulted Ceilings, Plantation Shutters. Inviting pool refinished 2018. Arizona Lifestyle Back Yard. Garage with work area, Cabinetry and epoxy finish garage floor. Crown Molding, Ceiling Fans, Artificial Turf, Landscape by Design with 6 Saguaros. Updated Fixtures and Doors. Nice big grassy community common area down the street with views of McDowell Mts. Visit Quality!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Shadows North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Desert Shadows 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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,171
Property Tax -$292
Property Insurance -$61
HOA -$15
Property Management Fees -$99
CASH FLOW
-$218

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.

$625,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$20,409

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
  • $2,412

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,3954$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 9233 E Blanche Drive Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9270 E Pine Valley Road Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1995
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.30
    •  
  • 9393 E Blanche Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1991
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.39
    •  
  • 9287 E Karen Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1991
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.51
    •  
  • 9286 E Pine Valley Road Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1995
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.41
    •  
PROPERTY LISTING DETAILS
Colleen Steele
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206188
Last Updated: 03/12/2021
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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