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9644 E Casitas Del Rio Drive Scottsdale, AZ 85255

3 Beds 5 Baths 5,100 sqft Built 1981

$1,850,000

List Price

$6,060

$5.8K - $6.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $362.75
  • 3 Days on Market
  • MLS # : 6159667
  • Updated Date : 11/14/2020 at 10:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 5,100 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Tranquil sanctuary located on 2.4 acres in North Scottsdale. Beautiful territorial custom home features wonderful Arizona charm & details that are a near forgotten rare gem. Breathtaking mountain views, city lights, & amazing sunsets are waiting for you. The Main house is 3088 sq ft with 2 spacious bedrooms each with their own bath, & a 3/4 bath for guests, grand formal dining room, large open living area, soapstone counter kitchen with Viking appliances, 8 skylights, & 2 fireplaces. The Guest house is 2012 sq ft & offers a sitting room, large master bedroom & bath w/walk-in closet, library w/built in bookshelves, den/studio space (could be used as bedroom), & 2 more fireplaces. Backyard is a resort with pool, spa, fireplace, multiple patio areas, & a roof deck (guest house) to enjoy 360

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pinnacle Peak Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600k1800k2000kPrice in $122k2002k

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

Neighborhood: Pinnacle Peak Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500600065007000Rent in $10457152

* 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
Copper Ridge School Primary Regular 1,089 55 8
Copper Ridge School Middle Regular 1,089 55 8
Chaparral High School High Regular 2,053 87 7

Copper Ridge School

  • Education Level: Primary
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Copper Ridge School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 55
8
GreatSchools Rating

Chaparral High School

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

$1,665,000$2,035,000$1,850,000

PURCHASE PRICE

$5,454$6,666$6,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,060
EXPENSES Loan Payment -$6,826
Property Tax -$865
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
-$1,856

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.

$1,850,000

PROJECTED PRICE

$6,060

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
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$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k$30k$40k$50k

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$496,000

INVESTMENT

$496,000

Down Payment
$462,500
Rehab Estimate
$5,750
Closing Costs
$27,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $462,500
Loan Amount $1,387,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$9,932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,060

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $6,630

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$6,060
1$6,0602$6,250
$6,250
RENT COMPS ANALYSIS
  • 9644 E Casitas Del Rio Drive Scottsdale, AZ 1
    • 3 beds 5 baths ∙ 5,100 Sqft ∙ Built 1981 3 beds 5 baths ∙ 5,100 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $6,060
    • $1.19
    •  
  • 10040 E Happy Valley Road #610 Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 4,799 Sqft ∙ Built 1995 4 beds 5 baths ∙ 4,799 Sqft ∙ Built 1995
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,250
    • $1.30
    •  
PROPERTY LISTING DETAILS
Brad A Millington
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159667
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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