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9407 E Ironwood Bend Scottsdale, AZ 85255

4 Beds 3 Baths 3,136 sqft Built 2005

$975,000

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $310.91
  • 5 Days on Market
  • MLS # : 6164658
  • Updated Date : 12/03/2020 at 01:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,136 sqft
  • Baths : 2 full , 1 half
Listing Agent

Responsive Realty

Listing Agent's Description

All of the amenities of DC Ranch such as neighborhood trails, a fitness club, swimming pools, parks, spa, tennis, community centers...plus events at Market Street in addition to shopping at DC Ranch Crossing and Hayden Peak Crossing. Top notch medical facilities nearby. A wonderful community to raise a family in! This move in ready home is located in a gated community sitting on a N/S exposure lot with good privacy. Not only is the community well appointed but so is the home! The outside of the home is very well cared for and newly painted. It includes mature front and backyard landscaping, outdoor lighting, pavers both front and back, private pool and spa, covered back patio with misters, gas outdoor fireplace and bbq in back, dog run area with fenced enclosure on one side of the (cont)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: DC Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k880k

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

Neighborhood: DC Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454285

* 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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$3,597
Property Tax -$621
Property Insurance -$88
HOA -$288
Property Management Fees -$99
CASH FLOW
-$434

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.

$975,000

PROJECTED PRICE

$4,260

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$26,492

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
  • $3,975

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$3,6954$4,0005$4,200
$4,200
RENT COMPS ANALYSIS
  • 9407 E Ironwood Bend Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,136 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,136 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9451 E Trailside View Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,017 Sqft ∙ Built 2004
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.19
    •  
  • 18386 N 94th Way Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 2,960 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,960 Sqft ∙ Built 2007
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.25
    •  
  • 18146 N 93rd Place Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 3,052 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,052 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.31
    •  
  • 17360 N 96th Way Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2017
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.32
    •  
PROPERTY LISTING DETAILS
Dan Farley
Responsive Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164658
Last Updated: 12/03/2020
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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