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9280 E Blanche Drive Scottsdale, AZ 85260

3 Beds 2 Baths 1,374 sqft Built 1992

$465,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $338.43
  • 2 Days on Market
  • MLS # : 6170835
  • Updated Date : 12/12/2020 at 16:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,374 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Pool with Rock Waterfall, Lush Landscape & Private Backyard, Covered Patio, Remodeled Open Concept Kitchen/Living, Vaulted Ceilings, Tons of Natural Light, New Flooring, Fixtures and Fresh Exterior Paint, 1 Min to the 101, 7 min to Scottsdale Quarter/Kierland, all at a price point that is impossible to find in the Heart of Scottsdale. As you can see, this home is sure to go fast so come see it today before its gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Shadows North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Desert Shadows North

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
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,716
Property Tax -$217
Property Insurance -$54
HOA -$15
Property Management Fees -$99
CASH FLOW
-$231

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.

$465,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$14,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $1,872

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8704$1,9755$2,350
$2,350
RENT COMPS ANALYSIS
  • 9280 E Blanche Drive Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.36
    •  
  • 15550 N Frank Lloyd Wright Boulevard #1003 Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 1998
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.24
    •  
  • 9100 E Raintree Drive #247 Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1998
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.24
    •  
  • 15550 N Frank Lloyd Wright Boulevard #1102 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.36
    •  
  • 9321 E Caribbean Lane Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1993
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.61
    •  
PROPERTY LISTING DETAILS
Zachary Hawker
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170835
Last Updated: 12/12/2020
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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