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9675 E Cinnabar Avenue Scottsdale, AZ 85258

4 Beds 4 Baths 2,989 sqft Built 1985

$1,450,000

List Price

$4,080

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $485.11
  • 4 Days on Market
  • MLS # : 6177918
  • Updated Date : 01/07/2021 at 16:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,989 sqft
  • Baths : 4 full
Listing Agent

Launch Real Estate

Listing Agent's Description

PREPARE TO BECOME THE SUBJECT OF HOUSE ENVY!!! ALLOW ME TO SET THE SCENE....Enter through the tall custom cast iron door into a double volume entrance with awe inspiring Restoration Hardware Chandeliers & Solid Wood-Beam detail; you are immediately transported to an Italian Villa - ''CIAO BELLA''! You won't believe you're in the heart of Scottsdale! Scottsdale's Premier Luxury brand 'MwM' has created 'THE SCOTTSDALE VILLA''.....THIS HOME IS A ONCE-IN-A-LIFETIME STATEMENT FOR THE PRIVILEGED FEW!! The vision in design by 'MwM' was to allow light & air to flow through the home which was masterfully created by designing grand vaulted ceilings, skylights & stackable glass doors throughout. The remarkable layout comprises of 4 bedrooms (3 Bedroom en-Suites, each with their own custom

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PRICE & RENT TRENDS

Neighborhood: Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k666k

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

Neighborhood: Scottsdale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453231

* 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
Laguna Elementary School Primary Regular 546 29 9
Mountainside Middle School Middle Regular 766 36 8
Desert Mountain High School High Regular 2,247 94 8

Laguna Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 29
9
GreatSchools Rating

Mountainside Middle School

  • Education Level: Middle
  • # of students: 766
  • # of teachers: 36
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$1,305,000$1,595,000$1,450,000

PURCHASE PRICE

$3,672$4,488$4,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,080
EXPENSES Loan Payment -$5,036
Property Tax -$678
Property Insurance -$85
HOA -$3
Property Management Fees -$99
CASH FLOW
-$1,822

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.

$1,450,000

PROJECTED PRICE

$4,080

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$3.5M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$390,000

INVESTMENT

$390,000

Down Payment
$362,500
Rehab Estimate
$5,750
Closing Costs
$21,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,036

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $362,500
Loan Amount $1,087,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,080

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $4,446

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0803$4,0904$4,8005$4,800
$4,800
RENT COMPS ANALYSIS
  • 9675 E Cinnabar Avenue Scottsdale, AZ 2
    • 4 beds 4 baths ∙ 2,989 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,989 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $4,080
    • $1.37
    •  
  • 9816 E Cinnabar Avenue Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1985
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.43
    •  
  • 10420 N 101st Place Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,090
    • $1.35
    •  
  • 10401 N 100th Street #5 Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,965 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,965 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.62
    •  
  • 9505 E Jenan Drive Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 3,088 Sqft ∙ Built 1984 3 beds 3 baths ∙ 3,088 Sqft ∙ Built 1984
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.55
    •  
PROPERTY LISTING DETAILS
Eve R Treger
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177918
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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