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9445 E Shangri La Road Scottsdale, AZ 85260

4 Beds 3 Baths 3,735 sqft Built 1993

$1,195,000

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $319.95
  • 2 Days on Market
  • MLS # : 6190659
  • Updated Date : 02/05/2021 at 22:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,735 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This delightful home is in the Cabo Del Rio subdivision located in the heart of Scottsdale. The home features: 3,735 sqft, 1 level, N/S exposure, 3 car garage, 4 bd, 3 ba, formal living & dining rm, vaulted ceilings, lg family room w/wet bar & gas fireplace. Spacious master bedroom w/vaulted ceilings, gas fireplace, and separate access to backyard. The master bathroom w/dual sinks, large jetted tub and a oversized walk-in closet. Additionally, the home has a split guest bedroom w/full bath. The kitchen features: Center island w/gas cooktop, dual ovens, walk-in pantry, and eat-in area overlooking the backyard. Relaxing backyard, large covered patio, pool w/water feature. Conveniently located near restaurants, retail shopping, schools, grocery stores and easy access to the 101 freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cabo del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k946k

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

Neighborhood: Cabo del Rio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454484

* 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
 

$1,075,500$1,314,500$1,195,000

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 -$4,151
Property Tax -$559
Property Insurance -$100
HOA -$3
Property Management Fees -$99
CASH FLOW
-$651

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.

$1,195,000

PROJECTED PRICE

$4,260

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$24,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,260

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $4,781

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$4,260
1$4,2602$4,5003$4,6504$4,8505$5,000
$5,000
RENT COMPS ANALYSIS
  • 9445 E Shangri La Road Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,735 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,735 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $4,260
    • $1.14
    •  
  • 10109 E Topaz Drive Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.31
    •  
  • 11529 N 99th Street Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,902 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,902 Sqft ∙ Built 1982
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $1.19
    •  
  • 9943 E Island Circle Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.37
    •  
  • 10401 N 100th Street #9 Scottsdale, AZ 5
    • 5 beds 5 baths ∙ 4,006 Sqft ∙ Built 1987 5 beds 5 baths ∙ 4,006 Sqft ∙ Built 1987
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Josie A Berglund
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190659
Last Updated: 02/05/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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