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9439 E Mark Lane Scottsdale, AZ 85262

3 Beds 2 Baths 2,369 sqft Built 1999

INVESTimate

$625,000

List Price

$2,590

$2,340 - $2,840

Rent Est.

$626,812  ( +0.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $263.82
  • 1 Days on Market
  • MLS # : 6122566
  • Updated Date : 08/25/2020 at 18:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,369 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Private updated home located in the Golf community of Pinnacle Ridge at Troon North. Desirable open floor plan w/split Master Suite. Remodeled spacious Kitchen w/spacious breakfast bar & area. Thermador cook top, oven, microwave, Viking refrigerator & Slab granite counter tops. Kitchen open to great room w/fireplace. Porcelain wood like tile floors used extensively throughout. Master suite w/sliding door to back patio, walk in closet & snail shower. Separate casita that would be great for Office, work out room, Media, or bedroom. Large backyard w/flagstone covered patio w/spa, water feature & Built in BBQ. AC Units have been replace & Exterior of home just painted In 2020. Enjoy the Golf, Tennis, Pickle ball, Hiking at Pinnacle Peak or Brown's Trail head close by.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Ridge at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k619k

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

Neighborhood: Pinnacle Ridge at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453195

* 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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,331$2,849$2,590

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$25k

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 $2,590
EXPENSES Loan Payment -$2,306
Property Tax -$292
Property Insurance -$73
HOA -$25
Property Management Fees -$99
CASH FLOW
-$205

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.

$625,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.29%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$26,924

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
  • $2,843

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,9004$3,350
$3,350
RENT COMPS ANALYSIS
  • 9439 E Mark Lane Scottsdale, 1
    • 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9355 E Hidden Green Drive Scottsdale, 2
    • 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 1997
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.05
    •  
  • 9674 E Cinder Cone Trail Scottsdale, 3
    • 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 1999
    LEASED 03/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.28
    •  
  • 10222 E Southwind Lane #1041 Scottsdale, 4
    • 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 1996
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.27
    •  
PROPERTY LISTING DETAILS
Katie Dabe
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122566
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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