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9742 E Jagged Peak Road Scottsdale, AZ 85262

5 Beds 5 Baths 4,140 sqft Built 2006

$1,090,000

List Price

$5,760

$5.5K - $6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $263.29
  • 2 Days on Market
  • MLS # : 6168356
  • Updated Date : 12/19/2020 at 19:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,140 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Fabulous opportunity to live in a Gated Community with Gorgeous Views! Enter through the Gated Courtyard. Inviting floor plan with plenty of space to entertain. Private casita for your guests. Bright w/plenty of windows to enjoy the views of Desert Mountain to the North and Brown Mtn to the South. Kitchen offers Viking 6 burner cooktop. Master has two lrg walk in closets. Bedrooms both downstairs and upstairs. 3 cozy fireplaces. Freshly painted both inside and outside. Arched 8 ft. doorways throughout. 5-1 Surround Sound Sys. All HVAC (3) just 2 years old. Resort like backyard with heated pool, (I-Aqua SMART remote control) fire pit and built-in BBQ. Serene and Spacious, this home has a great flow and a welcoming feel. You'll never want to leave!

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
 

$981,000$1,199,000$1,090,000

PURCHASE PRICE

$5,184$6,336$5,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,760
EXPENSES Loan Payment -$4,022
Property Tax -$509
Property Insurance -$108
HOA -$40
Property Management Fees -$99
CASH FLOW
$983

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.

$1,090,000

PROJECTED PRICE

$5,760

PROJECTED RENT

0.53%

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$3.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k$70k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$294,600

INVESTMENT

$294,600

Down Payment
$272,500
Rehab Estimate
$5,750
Closing Costs
$16,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$4,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $272,500
Loan Amount $817,500
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$197,359

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,760

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $4,871

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,7003$5,2504$5,760
$5,760
RENT COMPS ANALYSIS
  • 9742 E Jagged Peak Road Scottsdale, AZ 4
    • 5 beds 5 baths ∙ 4,140 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,140 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $5,760
    • $1.39
    •  
  • 37428 N 97th Way Scottsdale, AZ 1
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.05
    •  
  • 9910 E Allison Way Scottsdale, AZ 2
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 2008
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.17
    •  
  • 10225 E Joy Ranch Road #385 Scottsdale, AZ 3
    • 5 beds 5 baths ∙ 4,000 Sqft ∙ Built 1988 5 beds 5 baths ∙ 4,000 Sqft ∙ Built 1988
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $1.31
    •  
PROPERTY LISTING DETAILS
Kate Harvey
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168356
Last Updated: 12/19/2020
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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