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9260 E Canyon View Road Scottsdale, AZ 85255

2 Beds 2 Baths 1,740 sqft Built 2006

$699,900

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $402.24
  • 2 Days on Market
  • MLS # : 6174519
  • Updated Date : 12/26/2020 at 16:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,740 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Captivating Parks at DC Ranch single level home is perfect for the full-time or seasonal resident, offering updated finishes throughout the sought after Berkshire model. Charming curb appeal welcomes you into this beautifully renovated home with modern appointments including Quartz counters, white Shaker cabinets, stainless appliances, gas range, wine refrigerator, wide plank wood flooring, plantation shutters, gas fireplace with subway tile surround, custom display niches, custom lighting, custom paint & more. Surrounded by private & serene outdoor living spaces offering low maintenance turf, paver hardscaping, lighting & vegetation, this treasure is conveniently located to enjoy community amenities.

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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,582
Property Tax -$412
Property Insurance -$61
HOA -$229
Property Management Fees -$99
CASH FLOW
-$513

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.

$699,900

PROJECTED PRICE

$2,870

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,486

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
  • $2,362

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,9954$1,9955$2,150
$2,150
RENT COMPS ANALYSIS
  • 9260 E Canyon View Road Scottsdale, AZ 1
    • 2 beds 2 baths ∙ 1,740 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,740 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8917 E Maple Drive Scottsdale, AZ 2
    • 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 1992
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.21
    •  
  • 18920 N 89th Way Scottsdale, AZ 3
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.41
    •  
  • 18675 N 91st Street Scottsdale, AZ 4
    • 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 1994
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.29
    •  
  • 18965 N 89th Way Scottsdale, AZ 5
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1992
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.52
    •  
PROPERTY LISTING DETAILS
Julie Pelle
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174519
Last Updated: 12/26/2020
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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