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9684 E Sharon Drive Scottsdale, AZ 85260

4 Beds 3 Baths 3,243 sqft Built 1994

$724,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $223.25
  • 2 Days on Market
  • MLS # : 6148949
  • Updated Date : 11/01/2020 at 20:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,243 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Exceptional spacious home in sought after Camelot Ranch. Large open floor plan features soaring ceilings, gourmet eat-in kitchen, several living, dining and entertaining areas. You will find a beautiful tropical retreat in the back yard with sparking pool, covered patio, built in propane BBQ and mister system. Huge master bedroom is on the first floor and three secondary bedrooms plus large loft on second floor. Master bathroom features luxury custom jetted soaking tub, walk in closet and separate bathroom vanities. Three car garage with additional storage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelot Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Camelot 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
 

$651,600$796,400$724,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,671
Property Tax -$339
Property Insurance -$90
HOA -$20
Property Management Fees -$99
CASH FLOW
-$79

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.

$724,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,610

INVESTMENT

$197,610

Down Payment
$181,000
Rehab Estimate
$5,750
Closing Costs
$10,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,000
Loan Amount $543,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$43,176

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
  • $3,454

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,0004$3,1505$4,000
$4,000
RENT COMPS ANALYSIS
  • 9684 E Sharon Drive Scottsdale, AZ 1
    • 4 beds 3 baths ∙ 3,243 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,243 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9739 E Sheena Drive Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 2,955 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,955 Sqft ∙ Built 1996
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.96
    •  
  • 9378 E Davenport Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1996
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.02
    •  
  • 10334 E Acoma Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1999
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.03
    •  
  • 9669 E Davenport Drive Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Connie Vidales
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148949
Last Updated: 11/01/2020
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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