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9351 E Whitewing Drive Scottsdale, AZ 85262

4 Beds 2 Baths 2,167 sqft Built 2001

$700,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $323.03
  • 4 Days on Market
  • MLS # : 6158979
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,167 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Single Family / Single Level Home on the 6th Fairway of Legend Trail Golf Course. 4 Bedrooms/ 2 full Baths. Major Remodeling in Baths,Closets & partial Flooring. Recently renovated Kitchen Cabinets, Upgraded Granite Countertops and SS Appliances. Two Walls of Windows on North & South open to Big Golf Course and Mountain Views. Sophisticated backyard with expansive patio and turf opens from great room floorplan. Two Large Living Areas with big views create the ultimate spaces for AZ lifestyle. Community offers resident-only heated Pools/Spas, 3 Fitness Rooms, Tennis/Pickleball Courts and miles of walking /hiking paths in the adject Preserve. Scottsdale Legend Trail Golf Course offers country club-lite amenities with driving range, carts & clubhouse. Start your AZ Lifestyle with ease

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Legend Trail

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k733k

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

Neighborhood: Legend Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453250

* 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
Desert Sun Elementary School Primary Regular 416 22 6
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Desert Sun Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 22
6
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,583
Property Tax -$327
Property Insurance -$69
HOA -$24
Property Management Fees -$99
CASH FLOW
-$632

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.

$700,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,465

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4503$2,4504$2,4705$2,850
$2,850
RENT COMPS ANALYSIS
  • 9351 E Whitewing Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.14
    •  
  • 9439 E Whitewing Drive Scottsdale, AZ 1
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.06
    •  
  • 9248 E Broken Arrow Drive Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.13
    •  
  • 9419 E Whitewing Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 2001
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.13
    •  
  • 9539 E Sandy Vista Drive Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,320 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,320 Sqft ∙ Built 2000
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.23
    •  
PROPERTY LISTING DETAILS
Karen Nychay
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158979
Last Updated: 11/13/2020
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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