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9674 E Vantage Point Road Scottsdale, AZ 85262

5 Beds 5 Baths 4,398 sqft Built 2005

$1,249,500

List Price

$4,550

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $284.11
  • 4 Days on Market
  • MLS # : 6170167
  • Updated Date : 12/31/2020 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,398 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous single level 5bd/4.5ba/3car home located in the serene Sonoran Desert area of North Scottsdale. Enjoy a private paver stone courtyard entry w/custom fountain & beautiful French door entry. The living room features a gas fireplace to gather around with friends & family. The dining area has a built in wet bar with direct patio access with backyard pool & mountain views. A well appointed kitchen w/cherry wood cabinets, a breakfast bar & eat-in kitchen area. Enjoy the open family room w/ built-in entertainment center & a gas fireplace. The generous owner's suite has a soaking tub and large walk in shower & his/her closets. The spacious laundry room offers cabinet & counter space. Watch the amazing Arizona sunrises and sunsets on your covered patio w/extended pergola & Mountain views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Norte

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $122k917k

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

Neighborhood: Sierra Norte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $10454374

* 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
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
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
 

$1,124,550$1,374,450$1,249,500

PURCHASE PRICE

$4,095$5,005$4,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,550
EXPENSES Loan Payment -$4,610
Property Tax -$583
Property Insurance -$113
HOA -$119
Property Management Fees -$99
CASH FLOW
-$974

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.

$1,249,500

PROJECTED PRICE

$4,550

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,868

INVESTMENT

$336,868

Down Payment
$312,375
Rehab Estimate
$5,750
Closing Costs
$18,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,610

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,375
Loan Amount $937,125
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$16,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,550

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $3,944

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5003$4,4504$4,550
$4,550
RENT COMPS ANALYSIS
  • 9674 E Vantage Point Road Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 4,398 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,398 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $4,550
    • $1.03
    •  
  • 36435 N Porta Nuova Road Scottsdale, AZ 1
    • 4 beds 5 baths ∙ 4,400 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,400 Sqft ∙ Built 2006
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.80
    •  
  • 37135 N 97th Way Scottsdale, AZ 2
    • 5 beds 5 baths ∙ 4,150 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,150 Sqft ∙ Built 2007
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.84
    •  
  • 36410 N Boulder View Drive Scottsdale, AZ 3
    • 4 beds 5 baths ∙ 4,240 Sqft ∙ Built 2010 4 beds 5 baths ∙ 4,240 Sqft ∙ Built 2010
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $1.05
    •  
PROPERTY LISTING DETAILS
Matt S. Mccormick
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170167
Last Updated: 12/31/2020
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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