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9438 E Camino Del Santo -- Scottsdale, AZ 85260

3 Beds 2 Baths 1,836 sqft Built 1987

$598,500

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $325.98
  • 2 Days on Market
  • MLS # : 6160427
  • Updated Date : 11/14/2020 at 15:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,836 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Beautiful patio home in the highly sought -after location of Sweetwater Ranch. Enter through luxurious double iron doors to observe the meticulously maintained home. Spacious great room with fireplace. Gourmet kitchen ,completely remodeled in 2019, is light and open with stainless steel appliances including a Bosch refrigerator and dishwasher, microwave drawer ,double convection range ,white shaker cabinets and stunning Cambria quartz countertops. All 3 bedrooms have wood flooring. 2 full baths remodeled in 2018 with shaker cabinets,quartz countertops and marble shower floors. Tile and wood floors throughout. The charming courtyard and backyard were re-landscaped in 2019 with travertine patio and pavers in courtyard to entry door. A must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Ranch Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Sweetwater Ranch Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* 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
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$538,650$658,350$598,500

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,208
Property Tax -$280
Property Insurance -$63
HOA -$178
Property Management Fees -$99
CASH FLOW
-$448

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.

$598,500

PROJECTED PRICE

$2,380

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$164,353

INVESTMENT

$164,353

Down Payment
$149,625
Rehab Estimate
$5,750
Closing Costs
$8,978

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,208

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,625
Loan Amount $448,875
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$8,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,378

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,3803$2,4004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 9438 E Camino Del Santo -- Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.30
    •  
  • 12894 N 95th Way Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1988
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.14
    •  
  • 9633 E Camino Del Santo -- Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1984
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.26
    •  
  • 9526 E Wood Drive Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1986
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.38
    •  
  • 9268 E Aster Drive Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1995
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.40
    •  
PROPERTY LISTING DETAILS
Warren F Neal
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160427
Last Updated: 11/14/2020
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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