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9238 E Wood Drive Scottsdale, AZ 85260

3 Beds 2 Baths 1,720 sqft Built 1992

INVESTimate

$475,000

List Price

$2,320

$2,088 - $2,552

Rent Est.

$493,145  ( +3.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $276.16
  • 5 Days on Market
  • MLS # : 6121285
  • Updated Date : 08/23/2020 at 08:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,720 sqft
  • Baths : 2 full
Listing Agent

Golden View Realty

Listing Agent's Description

Spacious family home. Updated kitchen and bathrooms with beautiful granite counters! Large open floor plan with great room adjacent to kitchen and backyard patio. Roomy master in back with large master bathroom! Great community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Desert Shadows

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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,753
Property Tax -$222
Property Insurance -$61
HOA -$46
Property Management Fees -$99
CASH FLOW
$140

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.

$475,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.82%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$48,608

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
  • $2,313

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9753$2,4004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 9238 E Wood Drive Scottsdale, 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
    •  
  • 9207 E Camino Del Santo Road Scottsdale, 2
    • 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 1989
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.13
    •  
  • 9526 E Wood Drive Scottsdale, 3
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1986
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.38
    •  
  • 9268 E Aster Drive Scottsdale, 4
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1995
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.40
    •  
  • 13325 N 94th Way Scottsdale, 5
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1987
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.47
    •  
PROPERTY LISTING DETAILS
Victor Conti
Golden View Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121285
Last Updated: 08/23/2020
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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