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9606 E Chino Drive Scottsdale, AZ 85255

4 Beds 4 Baths 4,860 sqft Built 2005

$1,935,000

List Price

$6,950

$6.7K - $7.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $398.15
  • 2 Days on Market
  • MLS # : 6202433
  • Updated Date : 03/06/2021 at 04:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,860 sqft
  • Baths : 4 full
Listing Agent

Launch Real Estate

Listing Agent's Description

Breathtaking Yard boasting a HUGE lot, Mountain Views & Luxurious Master with private sitting room on Main Level in the highly desired Camelot Haciendas gated community at Dc Ranch! Warmth & Charm truly define this home. From the moment you enter, you will feel the Peace and Tranquility exuding from the light, bright color pallet and soft finishes throughout. The Ultimate Entertainer's Delight...Chef's Dream kitchen with 10' island for the perfect buffet or quick family meals, breakfast room, private Dining room flanked by wall of windows and French door allowing the beauty of the outdoors in! Relax in the Master retreat complete with custom designed closet, makeup area, large walk in shower, oversized tub with beautiful views of the outdoors. Incredible interior courtyard with (click more

SEE MORE

PRICE & RENT TRENDS

Neighborhood: DC Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k880k

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

Neighborhood: DC Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454285

* 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
Chaparral High School High Regular 2,053 87 7

Chaparral High School

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

$1,741,500$2,128,500$1,935,000

PURCHASE PRICE

$6,255$7,645$6,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,950
EXPENSES Loan Payment -$6,721
Property Tax -$1,138
Property Insurance -$122
HOA -$213
Property Management Fees -$99
CASH FLOW
-$1,343

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.

$1,935,000

PROJECTED PRICE

$6,950

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.7%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k$0.0$20k$40k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$518,525

INVESTMENT

$518,525

Down Payment
$483,750
Rehab Estimate
$5,750
Closing Costs
$29,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,721

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $483,750
Loan Amount $1,451,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$20,084

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
  • $7,646

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,0003$7,5004$8,500
$8,500
RENT COMPS ANALYSIS
  • 9606 E Chino Drive Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 4,860 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,860 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19487 N 101st Street Scottsdale, AZ 2
    • 5 beds 6 baths ∙ 4,533 Sqft ∙ Built 2006 5 beds 6 baths ∙ 4,533 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $1.54
    •  
  • 17998 N 97th Place Scottsdale, AZ 3
    • 5 beds 4 baths ∙ 4,960 Sqft ∙ Built 2012 5 beds 4 baths ∙ 4,960 Sqft ∙ Built 2012
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $1.51
    •  
  • 20520 N 101st Way Scottsdale, AZ 4
    • 4 beds 4 baths ∙ 5,077 Sqft ∙ Built 2006 4 beds 4 baths ∙ 5,077 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $1.67
    •  
PROPERTY LISTING DETAILS
Marnie Rosenthal
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202433
Last Updated: 03/06/2021
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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