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9234 E Desert View Scottsdale, AZ 85255

3 Beds 3 Baths 2,477 sqft Built 2004

$800,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $322.97
  • 4 Days on Market
  • MLS # : 6205138
  • Updated Date : 03/14/2021 at 04:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,477 sqft
  • Baths : 2 full , 1 half
Listing Agent

Success Property Brokers

Listing Agent's Description

Your Golden Ticket into the Master Planned Community of DC Ranch! Soaring 20' Ceilings Greet You at the Entrance of this Home & a Grand Staircase with Wooden Spindles & Reading Nook at the Middle Landing Overlook the Bright & Spacious Living & Dining Room. Custom Decorative Windows Allow Lots of Natural Light. 1st Floor Den/Office and Powder Room are off to One Side. Island Kitchen has Granite Counters, Maple Cabinets, Double Oven with Convection, Gas Stove, Walk-in Pantry, Tile Backsplash & Stainless GE Profile Appliances and Opens to Separate Family Room. Back Yard Pool Area is a Resort Setting with Sun Deck and Covered Patio with Ceiling Fans and Custom Lighting. Master Has Romeo & Juliet Balcony, Carrara Marble Counters, Dual Sinks, Sep. Shower & Tub & Walk-in Closet. Hallway...

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
 

$720,000$880,000$800,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$2,779
Property Tax -$470
Property Insurance -$75
HOA -$248
Property Management Fees -$99
CASH FLOW
-$172

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.

$800,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.44%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$28,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,765

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,8504$3,9505$4,100
$4,100
RENT COMPS ANALYSIS
  • 9234 E Desert View 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
    •  
    • $3,500
    • $1.41
    •  
  • 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
Erik M Stevens
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205138
Last Updated: 03/14/2021
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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