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9768 E Addy Way Scottsdale, AZ 85262

3 Beds 4 Baths 3,731 sqft Built 2006

$1,100,000

List Price

$4,660

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $294.83
  • 4 Days on Market
  • MLS # : 6175416
  • Updated Date : 12/31/2020 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,731 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Absolutely stunning and luxurious 3 Beds + Office & 3.5 Baths home situated on a large, private lot. Spacious 3,731 sq ft floor plan with high-end details throughout including a formal dining room with double tray ceilings & huge windows letting in tons of natural light and expansive living room with tile surround fireplace and wall of sliders to the backyard. The gorgeous kitchen features granite counters and complementary backsplash, an abundance of Alder cabinetry with crown molding, kitchen island, additional breakfast bar seating, walk-in pantry and stainless appliances including a gas cooktop + range hood, double ovens and built-in refrigerator. Adjacent to the kitchen is a quaint dining area with windows overlooking the pool and desert views and beautiful naturally lit family room *

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mirabel Village

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $122k1173k

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

Neighborhood: Mirabel Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10454981

* 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$4,194$5,126$4,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,660
EXPENSES Loan Payment -$4,059
Property Tax -$514
Property Insurance -$100
HOA -$30
Property Management Fees -$99
CASH FLOW
-$141

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.

$1,100,000

PROJECTED PRICE

$4,660

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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-$10k$0.0$10k$20k$30k$40k$50k

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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$66,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,660

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $4,266

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$4,4003$4,5004$4,660
$4,660
RENT COMPS ANALYSIS
  • 9768 E Addy Way Scottsdale, AZ 4
    • 3 beds 4 baths ∙ 3,731 Sqft ∙ Built 2006 3 beds 4 baths ∙ 3,731 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $4,660
    • $1.25
    •  
  • 40199 N 105th Place Scottsdale, AZ 1
    • 3 beds 4 baths ∙ 3,528 Sqft ∙ Built 1992 3 beds 4 baths ∙ 3,528 Sqft ∙ Built 1992
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.99
    •  
  • 34446 N 99th Way Scottsdale, AZ 2
    • 4 beds 5 baths ∙ 3,404 Sqft ∙ Built 2004 4 beds 5 baths ∙ 3,404 Sqft ∙ Built 2004
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.29
    •  
  • 8476 E Montello Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,929 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175416
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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