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9341 E Pershing Avenue Scottsdale, AZ 85260

4 Beds 3 Baths 2,348 sqft Built 1993

$675,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $287.48
  • 4 Days on Market
  • MLS # : 6182754
  • Updated Date : 01/21/2021 at 16:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,348 sqft
  • Baths : 2 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

This completely remodeled 2-story beauty located in the highly desirable Desert Shadows neighborhood must be seen to be appreciated! 4 bed/2.5ba, 2,348sf & outdoor oasis complete w/ a sparkling pebble tec heated pool & privacy trees perfect for relaxing or entertaining. The living area is open & spacious w/ plenty of light. Take note of the wonderful quartz countertops in the kitchen, large center island & amazing storage space. Large master suite w/ an enormous walk-in shower is the perfect luxury to retreat to each night. Among the new upgrades w/in the past 3yrs are countertops, tile floors, paint inside & out, roof, NEW A/C, W/H, attic insulation, artificial turf, baseboards, fixtures, faucets & much, much more! Property rented through 5/31/21, perfect opportunity for instant income!..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Desert Shadows

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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,345
Property Tax -$316
Property Insurance -$73
HOA -$15
Property Management Fees -$99
CASH FLOW
-$207

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.

$675,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.39%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$23,816

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,624

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,6403$2,6504$2,6665$2,750
$2,750
RENT COMPS ANALYSIS
  • 9341 E Pershing Avenue Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.12
    •  
  • 9175 E Camino Del Santo Road Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.09
    •  
  • 9220 E Dreyfus Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.13
    •  
  • 9045 E Aster Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1988
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,666
    • $1.07
    •  
  • 9548 E Desert Trail Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1987
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.18
    •  
PROPERTY LISTING DETAILS
Allison Mikes
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182754
Last Updated: 01/21/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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