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9270 E Thompson Peak Parkway #378 Scottsdale, AZ 85255

3 Beds 4 Baths 2,727 sqft Built 2001

$849,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $311.33
  • 2 Days on Market
  • MLS # : 6182034
  • Updated Date : 01/16/2021 at 18:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,727 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Rare Columbia townhome in guard gated DC Ranch Country Club * 3 spacious bedrooms including dual master suites - one on main floor * Open and bright great room with fireplace and bar with wine storage * Back patio offers built-in barbecue overlooking grass park * Chef's kitchen with central island, gas cooktop, pantry, and French doors opening to front courtyard * Second floor master features sitting room/ private office and balcony * Walking distance to heated pool and spa as well as DC Ranch Market Street offering numerous restaurants and boutique shopping *

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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,949
Property Tax -$499
Property Insurance -$80
HOA -$661
Property Management Fees -$99
CASH FLOW
-$1,038

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.

$849,000

PROJECTED PRICE

$3,250

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $3,886

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,8003$3,9504$4,0005$4,500
$4,500
RENT COMPS ANALYSIS
  • 9270 E Thompson Peak Parkway #378 Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 2,727 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,727 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.19
    •  
  • 19863 N 84th Street Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,729 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,729 Sqft ∙ Built 2000
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.39
    •  
  • 9112 E Los Gatos Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1994
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.43
    •  
  • 22012 N Los Caballos Drive Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 2,919 Sqft ∙ Built 1987 3 beds 4 baths ∙ 2,919 Sqft ∙ Built 1987
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.37
    •  
  • 8470 E Angel Spirit Drive Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 2,977 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,977 Sqft ∙ Built 2003
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Mike Holder
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182034
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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