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9458 E Desert Cove Avenue Scottsdale, AZ 85260

5 Beds 3 Baths 3,475 sqft Built 1995

$1,294,000

List Price

$4,290

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $372.37
  • 3 Days on Market
  • MLS # : 6181676
  • Updated Date : 01/15/2021 at 22:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,475 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Modern, tastefully and elegantly remodeled ''resort living'' home. High vaulted ceilings throughout and ample areas will enhance any type of furnishing. Buyers will fall in love at first sight with its dream kitchen with plenty of drawers and cabinets, amazing top of the line stainless steel appliances and elegant Carrara style quartz. One granite slab tailors the unbelievable gas fireplace. The bathrooms are stunningly designed to satisfy the taste of the most picky character. Back yard has a generous amount of room for a pool if desired. This remodel was designed with the flexibility for all types of decor, it will be a blank page for your buyer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Via Linda Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

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

Neighborhood: Via Linda Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10455399

* 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
 

$1,164,600$1,423,400$1,294,000

PURCHASE PRICE

$3,861$4,719$4,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,290
EXPENSES Loan Payment -$4,495
Property Tax -$605
Property Insurance -$95
HOA -$28
Property Management Fees -$99
CASH FLOW
-$1,032

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.

$1,294,000

PROJECTED PRICE

$4,290

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.8%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,660

INVESTMENT

$348,660

Down Payment
$323,500
Rehab Estimate
$5,750
Closing Costs
$19,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,495

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $323,500
Loan Amount $970,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$11,421

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,290

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $4,622

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,2903$4,4004$4,8505$5,000
$5,000
RENT COMPS ANALYSIS
  • 9458 E Desert Cove Avenue Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 3,475 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,475 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $4,290
    • $1.23
    •  
  • 9816 E Kalil Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.20
    •  
  • 11544 N 83rd Place Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,342 Sqft ∙ Built 1990
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.32
    •  
  • 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
    •  
  • 7855 E Desert Cove Avenue Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.43
    •  
PROPERTY LISTING DETAILS
Lee G Boden
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181676
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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