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9446 E Rimrock Drive Scottsdale, AZ 85255

5 Beds 3 Baths 3,725 sqft Built 1996

$1,499,999

List Price

$5,680

$5.4K - $5.9K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $402.68
  • 4 Days on Market
  • MLS # : 6168294
  • Updated Date : 12/11/2020 at 11:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,725 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

RARE FIND! Beautiful remodeled custom home located in desirable Pima Acres. Situated on 1.7 acres of land, this home boasts stunning views from the McDowell Mountains to Camelback Mountain. As you walk up to the home you'll find a spacious front patio where you can relax and enjoy city lights accompanied by stereo speakers. Once you walk through the front door you will be greeted with light and space drawing attention to the detail that was considered in this remodel. The open floor plan features wood and travertine flooring, granite and stainless steel appliances in the kitchen. The spa like owners suite is spacious and includes a fireplace and sitting area. Owner's bath has a beautiful free standing tub and walk in

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pima Acres

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $122k1309k

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

Neighborhood: Pima Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $10455674

* 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
 

$1,349,999$1,649,999$1,499,999

PURCHASE PRICE

$5,112$6,248$5,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,680
EXPENSES Loan Payment -$5,534
Property Tax -$702
Property Insurance -$100
HOA -$1
Property Management Fees -$99
CASH FLOW
-$756

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.

$1,499,999

PROJECTED PRICE

$5,680

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $375,000
Loan Amount $1,124,999
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$42,829

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
  • $5,662

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,7003$5,7504$6,0005$6,000
$6,000
RENT COMPS ANALYSIS
  • 9446 E Rimrock Drive Scottsdale, AZ 1
    • 5 beds 3 baths ∙ 3,725 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,725 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18368 N 94th Way Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 2007
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.23
    •  
  • 9290 E Thompson Peak Pkwy Parkway #227 Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,742 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,742 Sqft ∙ Built 2000
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,750
    • $1.54
    •  
  • 18362 N 94th Place Scottsdale, AZ 4
    • 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2007 4 beds 5 baths ∙ 3,645 Sqft ∙ Built 2007
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.65
    •  
  • 20434 N 98th Place Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 3,620 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,620 Sqft ∙ Built 2008
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.66
    •  
PROPERTY LISTING DETAILS
Erin Bauer
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168294
Last Updated: 12/11/2020
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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