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9730 E Caron Street Scottsdale, AZ 85258

4 Beds 3 Baths 3,482 sqft Built 1984

INVESTimate

$1,095,000

List Price

$4,100

$3,850 - $4,350

Rent Est.

$1,138,800  ( +4.00%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $314.47
  • 10 Days on Market
  • MLS # : 6118668
  • Updated Date : 08/17/2020 at 14:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,482 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Extensive custom details and the best finishes sets this 'Dix Custom' Scottsdale Ranch home apart. Situated on a large north/south cul-de-sac lot, this home has a split floor plan w/ 3 large bedrooms at one side and a huge private owners suite including sitting area, fireplace and completely remodeled bathroom at the other. The great room has a gorgeous fireplace, entertainers wet bar and spectacular custom media wall with built-in audio. This gourmet kitchen is complete w/ stainless steel appliances, granite counters and an abundance of cabinets. Backyard Oasis includes flagstone patio, salt water pool, spa, patio with misters, gazebo and lush greenery. A truly impeccable move-in-ready Scottsdale Ranch home close by to all essential amenities. This home is a must see.

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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
 

$985,500$1,204,500$1,095,000

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,100
EXPENSES Loan Payment -$4,040
Property Tax -$512
Property Insurance -$95
HOA -$32
Property Management Fees -$99
CASH FLOW
-$678

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.

$1,095,000

PROJECTED PRICE

$4,100

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.00%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$295,925

INVESTMENT

$295,925

Down Payment
$273,750
Rehab Estimate
$5,750
Closing Costs
$16,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,040

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $273,750
Loan Amount $821,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$24,898

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
  • $4,866

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$4,5004$4,8505$6,250
$6,250
RENT COMPS ANALYSIS
  • 9730 E Caron Street Scottsdale, 1
    • 4 beds 3 baths ∙ 3,482 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,482 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9816 E Kalil Drive Scottsdale, 2
    • 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 1984
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.20
    •  
  • 10109 E Topaz Drive Scottsdale, 3
    • 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985 3 beds 4 baths ∙ 3,436 Sqft ∙ Built 1985
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.31
    •  
  • 9943 E Island Circle Scottsdale, 4
    • 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,535 Sqft ∙ Built 1986
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.37
    •  
  • 10387 N 99th Street Scottsdale, 5
    • 4 beds 4 baths ∙ 3,665 Sqft ∙ Built 1985 4 beds 4 baths ∙ 3,665 Sqft ∙ Built 1985
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,250
    • $1.71
    •  
PROPERTY LISTING DETAILS
Herbert Budwig
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118668
Last Updated: 08/17/2020
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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