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9451 N 87th Way Scottsdale, AZ 85258

4 Beds 3 Baths 2,648 sqft Built 1993

$795,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $300.23
  • 3 Days on Market
  • MLS # : 6186536
  • Updated Date : 01/30/2021 at 23:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,648 sqft
  • Baths : 3 full
Listing Agent

Prime House Llc

Listing Agent's Description

Beautiful 4 bedroom + office/den home in highly sought after Country Horizons community in heart of McCormick Ranch, 3 CAR GARAGE, pebble tec playpool with water fall in entertainer's backyard with large covered patio more travertine & synthetic grass, Quartz & granite countertops in kitchen & baths, tumbled travertine in living space, carpet & wood laminate in bedrooms & office, 13' vaulted ceilings, natural fireplace, 3 showers recently remodeled, Great Scottsdale schools: Chaparral, Cocopah, Cochise, HOA does front yard landscaping - grass and shrubs & has 2 casitas that can be rented out next to fountain area. Gated access to Greenbelt with 28 miles of bike paths, good access to Loop 101, Fashion Park, Old Town Scottsdale, Scottsdale Quarter, Mayo Clinic & Talking Stick Fields.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Horizons

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k647k

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

Neighborhood: Country Horizons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453343

* 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
Cochise Elementary School Primary Regular 579 33 10
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cochise Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 33
10
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$715,500$874,500$795,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,761
Property Tax -$372
Property Insurance -$79
HOA -$213
Property Management Fees -$99
CASH FLOW
-$64

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.

$795,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$39,154

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
  • $3,747

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,5004$4,0005$5,000
$5,000
RENT COMPS ANALYSIS
  • 9451 N 87th Way Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8672 E Cheryl Drive Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1981
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.07
    •  
  • 8507 E Welsh Trail Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,753 Sqft ∙ Built 1984
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
  • 8528 E Clydesdale Trail Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1979
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.48
    •  
  • 8542 E Clydesdale Trail Scottsdale, AZ 5
    • 4 beds 4 baths ∙ 2,720 Sqft ∙ Built 1979 4 beds 4 baths ∙ 2,720 Sqft ∙ Built 1979
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.84
    •  
PROPERTY LISTING DETAILS
Scott Porambo
Prime House Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186536
Last Updated: 01/30/2021
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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