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9642 E Desert Trail Scottsdale, AZ 85260

4 Beds 2 Baths 2,383 sqft Built 1985

$789,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $331.10
  • 4 Days on Market
  • MLS # : 6202232
  • Updated Date : 03/07/2021 at 04:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,383 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This newly remodeled home sits on 1/3-acre lot and comprises 4 beds, 2 baths, 3-car garage, no interior steps, all new tile flooring. The kitchen boasts a large walk-in pantry, induction cooktop, warming drawer, and an expansive granite island, perfect for entertaining family and friends. The private backyard is the perfect entertainer's dream come true with built-in BBQ, firepit, heated pool, and spa. Other desirable features? How about a fully equipped media room? The location is the most ideal: minutes away from fine dining and shopping at Kierland Commons and Scottsdale Quarter; close proximity to hiking, golfing and other sporting activities and events; and 1 mile from the 101 freeway! Very low HOA and desirable neighborhood in Scottsdale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Estates at Sweetwater Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Sweetwater Estates at Sweetwater Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,740
Property Tax -$369
Property Insurance -$74
HOA -$5
Property Management Fees -$99
CASH FLOW
-$357

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.

$789,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,740

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$19,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,169

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9303$3,1004$3,2505$3,400
$3,400
RENT COMPS ANALYSIS
  • 9642 E Desert Trail Scottsdale, AZ 2
    • 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.23
    •  
  • 9548 E Desert Trail Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1987
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.18
    •  
  • 9014 E Larkspur Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1990
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.30
    •  
  • 9635 E Sheena Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.39
    •  
  • 9341 E Pershing Avenue Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1993
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.45
    •  
PROPERTY LISTING DETAILS
Aneezah Nabee Hawkins
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202232
Last Updated: 03/07/2021
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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