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9343 E Sands Drive Scottsdale, AZ 85255

5 Beds 4 Baths 5,751 sqft Built 1994

$1,399,999

List Price

$5,960

$5.7K - $6.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $243.44
  • 3 Days on Market
  • MLS # : 6148955
  • Updated Date : 11/06/2020 at 17:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,751 sqft
  • Baths : 4 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Exuding a sophisticated Southwestern ambience, this multi-wing estate enjoys a prime setting in the view-rich environs of North Scottsdale. Upon arrival, prepare to be seduced by this jewel's enchanting hacienda-style courtyard, while a step inside reveals light-filled gathering spaces flattered by soft rounded walls and natural stone floors. Interior: Pillar-accented living room w/kiva fireplace, nearly floor-to-ceiling view-windows. Heart-of-the-home kitchen w/chef-quality Viking gas range, built-in cabinet-faced cold-storage units. Oversized saloon-like game room-billiards parlor w/sit-at bar. Plush media room. Sun-dappled owner's retreat. Alfresco amenities: Freeform lagoon pool. Stacked-stone BBQ island. Expansive rooftop stargazing-cocktail deck w/desert, mountain, city lights views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Peak Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200kPrice in $122k1202k

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

Neighborhood: Pinnacle Peak Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454842

* 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
 

$1,259,999$1,539,999$1,399,999

PURCHASE PRICE

$5,364$6,556$5,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,960
EXPENSES Loan Payment -$5,165
Property Tax -$655
Property Insurance -$139
HOA -$1
Property Management Fees -$99
CASH FLOW
-$100

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.

$1,399,999

PROJECTED PRICE

$5,960

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.0%
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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k$60k$70k

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$376,750

INVESTMENT

$376,750

Down Payment
$350,000
Rehab Estimate
$5,750
Closing Costs
$21,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$5,165

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $350,000
Loan Amount $1,049,999
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$89,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,960

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $7,045

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$5,960
1$5,9602$6,5003$7,250
$7,250
RENT COMPS ANALYSIS
  • 9343 E Sands Drive Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 5,751 Sqft ∙ Built 1994 5 beds 4 baths ∙ 5,751 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $5,960
    • $1.04
    •  
  • 22175 N Dobson Road Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 5,663 Sqft ∙ Built 1993 5 beds 5 baths ∙ 5,663 Sqft ∙ Built 1993
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.15
    •  
  • 19989 N 94th Way Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 5,580 Sqft ∙ Built 2004 5 beds 5 baths ∙ 5,580 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,250
    • $1.30
    •  
PROPERTY LISTING DETAILS
Melissa S Massey
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148955
Last Updated: 11/06/2020
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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