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9340 N 92nd Street #203 Scottsdale, AZ 85258

1 Beds 1 Baths 814 sqft Built 1983

$204,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $250.61
  • 3 Days on Market
  • MLS # : 6163209
  • Updated Date : 11/20/2020 at 15:58
CONSTRUCTION
  • Beds : 1
  • Floor Size : 814 sqft
  • Baths : 1 full
Listing Agent

Homie

Listing Agent's Description

Highly desired location McComick Ranch condo! Just a couple blocks away to shopping, groceries, restaurants, hospital, library and the Indian Bend Trail for walking/biking. Well maintained and spacious open floor plan. All Applicances included, even a Washer/dryer. New plush carpet in main living and dining area. Balconies in the front AND the back. Lots of closet space AND storage. Covered parking space in front. Heated pools, spa, tennis courts and a walking path in the community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Via Linda Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Via Linda Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455399

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$183,600$224,400$204,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$753
Property Tax -$104
Property Insurance -$43
HOA -$259
Property Management Fees -$99
CASH FLOW
-$107

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.

$204,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.8%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,810

INVESTMENT

$59,810

Down Payment
$51,000
Rehab Estimate
$5,750
Closing Costs
$3,060

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,000
Loan Amount $153,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $1,148

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1503$1,2004$1,2005$1,250
$1,250
RENT COMPS ANALYSIS
  • 9340 N 92nd Street #203 Scottsdale, AZ 2
    • 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.41
    •  
  • 9340 N 92nd Street N #103 Scottsdale, AZ 1
    • 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.23
    •  
  • 9275 E Mission Lane #205 Scottsdale, AZ 3
    • 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.47
    •  
  • 9377 E Purdue Avenue #185 Scottsdale, AZ 4
    • 1 beds 1 baths ∙ 857 Sqft ∙ Built 1990 1 beds 1 baths ∙ 857 Sqft ∙ Built 1990
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.40
    •  
  • 9340 N 92nd Street #116 Scottsdale, AZ 5
    • 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983 1 beds 1 baths ∙ 814 Sqft ∙ Built 1983
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.54
    •  
PROPERTY LISTING DETAILS
Carole Hewitt
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163209
Last Updated: 11/20/2020
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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