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9290 E Thompson Peak Parkway #214 Scottsdale, AZ 85255

5 Beds 4 Baths 3,512 sqft Built 1999

$1,579,000

List Price

$6,670

$6.4K - $6.9K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $449.60
  • 5 Days on Market
  • MLS # : 6171119
  • Updated Date : 12/16/2020 at 22:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,512 sqft
  • Baths : 4 full
Listing Agent

Hague Partners

Listing Agent's Description

Prestigious DC Ranch Country Club is one of North Scottsdale's most Beautiful communities and location to this stunning home which has everything that the most discerning homeowner desires. This inviting floor plan has the master suite and a bedroom that can be an office/workout/flex room on one side and the other three bedrooms on the opposite side. Expansive spotless windows illuminate the light color scheme throughout showing off this spacious great room with wet bar, impressive fireplace and elevated ceilings. Adjacent to the family room indulge in your culinary skills with a kitchen that includes a massive butcher block island, whole house water filter system, leathered granite counters and pull out shelves for your convenience. Generous master suite is your welcoming....

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
 

$1,421,100$1,736,900$1,579,000

PURCHASE PRICE

$6,003$7,337$6,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,670
EXPENSES Loan Payment -$5,826
Property Tax -$1,873
Property Insurance -$96
HOA -$279
Property Management Fees -$99
CASH FLOW
-$1,502

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.

$1,579,000

PROJECTED PRICE

$6,670

PROJECTED RENT

0.42%

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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$424,185

INVESTMENT

$424,185

Down Payment
$394,750
Rehab Estimate
$5,750
Closing Costs
$23,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $394,750
Loan Amount $1,184,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$5,104

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
  • $4,574

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7003$4,7004$4,9805$5,500
$5,500
RENT COMPS ANALYSIS
  • 9290 E Thompson Peak Parkway #214 Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 3,512 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,512 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22217 N Los Caballos Drive Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,566 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,566 Sqft ∙ Built 1987
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.04
    •  
  • 9553 E Nittany Drive Scottsdale, AZ 3
    • 5 beds 3 baths ∙ 3,361 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,361 Sqft ∙ Built 1994
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.40
    •  
  • 8322 E Feathersong Lane Scottsdale, AZ 4
    • 4 beds 5 baths ∙ 3,727 Sqft ∙ Built 1999 4 beds 5 baths ∙ 3,727 Sqft ∙ Built 1999
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,980
    • $1.34
    •  
  • 22050 N 90th Street Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,841 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,841 Sqft ∙ Built 1994
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.43
    •  
PROPERTY LISTING DETAILS
Brian C Kusmer
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171119
Last Updated: 12/16/2020
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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