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9383 N 114th Way Scottsdale, AZ 85259

2 Beds 2 Baths 1,733 sqft Built 1992

INVESTimate

$549,999

List Price

$2,540

$2,290 - $2,790

Rent Est.

$567,379  ( +3.16%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $317.37
  • 4 Days on Market
  • MLS # : 6121611
  • Updated Date : 08/25/2020 at 16:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,733 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Updated, pristine home has been meticulously cared for. Vaulted ceilings & numerous glass sliders flood this home w/natural light. Beautiful wood floors run throughout the living space & kitchen. Comfortable living/dining room opens to covered back patio through a set of arcadia doors. Vaulted ceiling w/decorative shelf opens up kitchen w/granite counters, custom cabinets, stainless appliances, gas cooktop, island sink & reach-in pantry. Breakfast niche w/arcadia door exit to outside dining, Kitchen flows into intimate family room w/gas fireplace & glass slider to covered patio. Double door entry into master, bath w/jetted tub, walk-in shower, ornate double sink vanity & expansive closet.. Private backyard, w/spool, putting green & low maintenance landscaping. Numerous recent upgrades.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k680k

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

Neighborhood: Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453357

* 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
 

$494,999$604,999$549,999

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,029
Property Tax -$257
Property Insurance -$61
HOA -$193
Property Management Fees -$99
CASH FLOW
-$99

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.

$549,999

PROJECTED PRICE

$2,540

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.16%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,499
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$28,113

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
  • $2,569

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2873$2,4004$2,4255$2,795
$2,795
RENT COMPS ANALYSIS
  • 9383 N 114th Way Scottsdale, 1
    • 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10481 E Bella Vista Drive Scottsdale, 2
    • 2 beds 2 baths ∙ 1,689 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,689 Sqft ∙ Built 1985
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,287
    • $1.35
    •  
  • 10063 E San Salvador Drive Scottsdale, 3
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 1986
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.50
    •  
  • 10103 N 101st Street Scottsdale, 4
    • 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1986
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.47
    •  
  • 9438 N 115th Street Scottsdale, 5
    • 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.61
    •  
PROPERTY LISTING DETAILS
Timothy R Mullan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121611
Last Updated: 08/25/2020
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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