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9363 E Sandy Vista Drive Scottsdale, AZ 85262

3 Beds 3 Baths 2,842 sqft Built 1998

INVESTimate

$743,290

List Price

$2,840

$2,590 - $3,090

Rent Est.

$771,015  ( +3.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $261.54
  • 7 Days on Market
  • MLS # : 6119801
  • Updated Date : 08/22/2020 at 10:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,842 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This the best lot in the Legacy Green Homes area of Legend Trail golf community. It overlooks the 3rd and 4th fairways and boarders an all natural desert common area. The kitchen has new Bosch and LG appliances in addition to a view of the desert common area . The newly remodeled Great Room features ceramic plank wood flooring, a 7 foot linear fireplace with heater control and Anderson Glass wall slider. After golf or tennis relax with a steam shower or a swim and listen to the soothing sound of a cascading water feature. Also, the home has built in BBQ, tank less water heater, 3 car garage with, 40 feet of 8ft. storage cabinets. This is truly Resort Community living,

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
 

$668,961$817,619$743,290

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,742
Property Tax -$347
Property Insurance -$83
HOA -$72
Property Management Fees -$99
CASH FLOW
-$503

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.

$743,290

PROJECTED PRICE

$2,840

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$202,722

INVESTMENT

$202,722

Down Payment
$185,823
Rehab Estimate
$5,750
Closing Costs
$11,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,742

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $185,823
Loan Amount $557,468
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$13,804

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
  • $3,254

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2004$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 9363 E Sandy Vista Drive Scottsdale, 1
    • 3 beds 3 baths ∙ 2,842 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,842 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9475 E Sandy Vista Drive Scottsdale, 2
    • 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,801 Sqft ∙ Built 1999
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.11
    •  
  • 9459 E Sandy Vista Drive Scottsdale, 3
    • 3 beds 3 baths ∙ 2,801 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,801 Sqft ∙ Built 1998
    LEASED 04/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.14
    •  
  • 9847 E Preserve Way Scottsdale, 4
    • 4 beds 4 baths ∙ 2,828 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,828 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
  • 34623 N 99th Way Scottsdale, 5
    • 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2002
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
PROPERTY LISTING DETAILS
Samuel P Smith
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119801
Last Updated: 08/22/2020
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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