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9615 E Peak View Road Scottsdale, AZ 85262

3 Beds 3 Baths 3,663 sqft Built 2001

$990,000

List Price

$4,810

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $270.27
  • 2 Days on Market
  • MLS # : 6160533
  • Updated Date : 11/14/2020 at 00:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,663 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

Nestled conveniently between Scottsdale and Cave Creek, just minutes away from Four Seasons, this resort-style home is immaculate and extremely well maintained. Located in the acclaimed Monument at Troon North community is the expanded plan of the popular Torreon Model by Edmonds Toll. Light and Bright, this home boasts maximum space with maximum privacy, backing up to wash with stunning Sonoran views. Large kitchen, brand new $4k fridge, new pool pump, irrigation and trees. The open floor plan even includes a nice open library with built-in book shelf. Extra room can be used as home gym. The resort-style backyard makes it so you' never want to leave and overall, just a really wonderful gated community far enough away from it all, but close enough to DC Ranch, Kierland, SC Quarter!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairways at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k920k

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

Neighborhood: Fairways at Troon North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454030

* 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
 

$891,000$1,089,000$990,000

PURCHASE PRICE

$4,329$5,291$4,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,810
EXPENSES Loan Payment -$3,653
Property Tax -$462
Property Insurance -$99
HOA -$18
Property Management Fees -$99
CASH FLOW
$480

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.

$990,000

PROJECTED PRICE

$4,810

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$268,100

INVESTMENT

$268,100

Down Payment
$247,500
Rehab Estimate
$5,750
Closing Costs
$14,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$3,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,500
Loan Amount $742,500
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$122,240

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
  • $5,687

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,7503$5,2504$6,0005$7,000
$7,000
RENT COMPS ANALYSIS
  • 9615 E Peak View Road Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 3,663 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,663 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9731 E Hidden Green Drive Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 3,436 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,436 Sqft ∙ Built 1997
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $1.38
    •  
  • 9897 E Quarry Trail Scottsdale, AZ 3
    • 4 beds 4 baths ∙ 3,831 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,831 Sqft ∙ Built 1999
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.37
    •  
  • 25975 N 89th Street Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 3,804 Sqft ∙ Built 2010 3 beds 4 baths ∙ 3,804 Sqft ∙ Built 2010
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.58
    •  
  • 9792 E Monument Drive Scottsdale, AZ 5
    • 3 beds 4 baths ∙ 3,717 Sqft ∙ Built 1997 3 beds 4 baths ∙ 3,717 Sqft ∙ Built 1997
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,000
    • $1.88
    •  
PROPERTY LISTING DETAILS
Christine Ong
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160533
Last Updated: 11/14/2020
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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