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9233 E Desert View Scottsdale, AZ 85255

5 Beds 4 Baths 2,806 sqft Built 2006

$935,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $333.21
  • 3 Days on Market
  • MLS # : 6166123
  • Updated Date : 12/05/2020 at 13:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,806 sqft
  • Baths : 4 full
Listing Agent

Realty Executives

Listing Agent's Description

Former Model and Highly Upgraded Home in popular DC Ranch gated Neighborhood offering Special Touches Throughout. Situated on larger than avg lot. Pride of ownership and quality workmanship abound. A $125K Infinity Edge Pool with ramada, travertine pavers, and putting green will impress family and friends. A fully remodeled kitchen in 2013 boasts $75K in Miele stainless steel appliances featuring Teppanyaki grill, range hood, & refrigerator. Beautiful engineered hard wood flooring on main level and stairs with upgraded wood & wrought iron railing. Plantation shutters, Hunter Douglas window shades, or custom draperies on all windows. Owner converted main level office into a bedroom and 3/4 baths for guests that have difficulty with stairs. Spacious master suite with redesigned and remodeled

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
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
 

$841,500$1,028,500$935,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,450
Property Tax -$550
Property Insurance -$82
HOA -$229
Property Management Fees -$99
CASH FLOW
-$839

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.

$935,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.38%

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-$20k-$10k$0.0$10k$20k

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$253,525

INVESTMENT

$253,525

Down Payment
$233,750
Rehab Estimate
$5,750
Closing Costs
$14,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,450

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $233,750
Loan Amount $701,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$6,343

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $3,634

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,2003$3,3504$3,5705$4,200
$4,200
RENT COMPS ANALYSIS
  • 9233 E Desert View Scottsdale, AZ 4
    • 5 beds 4 baths ∙ 2,806 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,806 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.27
    •  
  • 9145 E Canyon View Road Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2007
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.19
    •  
  • 9302 E Horseshoe Bend Drive Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 2,563 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,563 Sqft ∙ Built 2004
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.25
    •  
  • 9293 E Canyon View Road Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2006
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.31
    •  
  • 19118 N 94th Street Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 1995
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.43
    •  
PROPERTY LISTING DETAILS
Chris W Kirkpatrick
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166123
Last Updated: 12/05/2020
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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