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9574 E Preserve Way Scottsdale, AZ 85262

4 Beds 4 Baths 3,446 sqft Built 2000

INVESTimate

$875,000

List Price

$3,590

$3,340 - $3,840

Rent Est.

$907,638  ( +3.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $253.92
  • 5 Days on Market
  • MLS # : 6121447
  • Updated Date : 08/22/2020 at 18:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,446 sqft
  • Baths : 4 full
Listing Agent

Sonoran Properties Associates

Listing Agent's Description

Sunsets, sunrises, golf, spa and pool...this is Arizona living! Legend Trail offers a gated tranquil desert setting, while still close to Scottsdale and Cave Creek/Carefree attractions. Four bedrooms, four baths - all en suites with walk-in closets! Covered entry takes you into the entrance with an oversized open great room with built in entertainment center and lots of windows. Formal dining room has alcove to kitchen. Kitchen has all new stainless steel appliances, island with cabinetry and beverage refrigerator. There is a wet bar with beverage refrigerator and counter for entertaining. Owner's suite is large, lots of windows, door to patio and pool and beautiful custom decorative entry door to bath. Bath area has two vanities and a unique barn door into walk-in closet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Legend Trail

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k733k

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

Neighborhood: Legend Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453250

* 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
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

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-$10k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$3,228
Property Tax -$409
Property Insurance -$94
HOA -$227
Property Management Fees -$99
CASH FLOW
-$467

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.

$875,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$22,476

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,590

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,882

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,5903$3,9004$4,400
$4,400
RENT COMPS ANALYSIS
  • 9574 E Preserve Way Scottsdale, 2
    • 4 beds 4 baths ∙ 3,446 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,446 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.04
    •  
  • 8901 E Lazywood Place Carefree, 1
    • 3 beds 4 baths ∙ 3,200 Sqft ∙ Built 1982 3 beds 4 baths ∙ 3,200 Sqft ∙ Built 1982
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.88
    •  
  • 8535 E Preserve Way Scottsdale, 3
    • 4 beds 4 baths ∙ 3,229 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,229 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.21
    •  
  • 34446 N 99th Way Scottsdale, 4
    • 4 beds 5 baths ∙ 3,404 Sqft ∙ Built 2004 4 beds 5 baths ∙ 3,404 Sqft ∙ Built 2004
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.29
    •  
PROPERTY LISTING DETAILS
Robert Lontkowski
Sonoran Properties Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121447
Last Updated: 08/22/2020
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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